Posted on: 11th Jun, 2009 02:49 pm
hello! I am behind on my mortgage , my father and i are on the loan. it is owner finance deal.we've been here two years , was wondering if a bankruptcy would let us get caught for a few months? thanks
Hi Annette,
In my opinion, you should first speak to the seller and check out if he could give you some payment plan so that you can pay off the past dues and become current on your mortgage payments. This will help you in avoiding bankruptcy and saving your credit.
Thanks
In my opinion, you should first speak to the seller and check out if he could give you some payment plan so that you can pay off the past dues and become current on your mortgage payments. This will help you in avoiding bankruptcy and saving your credit.
Thanks
Annette.
I think you are scare for bankcrupcy.First you need to talk with your lendger so he/she can give way for payment plan .
Or you can take advoice from financial advisor so he can give right way.
Some Ideas are below:
1)Debt consolidators will help you to pay off your debts with lower monthly fees.
2) go to financial institute thy will help you or advoice you.
I think they will save you from bankruptcy .
3)Assets are sold off to pay back your dues.
4)Reduce interest rates this will help you.
5)Waive late fees.
6)A credit counseling agency offers you a plan to keep you current on your bill payments and help you avoid bankruptcy.And you can comfortably manage your bill.
7)If you have payday loans , you can consolidate and replace multiple payday loans into an affordable monthly payment.this is also good option for you but it has some condition apply.
8)This option is completely depend on you,manage your daily expenses.
I hope you got an idea.
Thanks
hari
I think you are scare for bankcrupcy.First you need to talk with your lendger so he/she can give way for payment plan .
Or you can take advoice from financial advisor so he can give right way.
Some Ideas are below:
1)Debt consolidators will help you to pay off your debts with lower monthly fees.
2) go to financial institute thy will help you or advoice you.
I think they will save you from bankruptcy .
3)Assets are sold off to pay back your dues.
4)Reduce interest rates this will help you.
5)Waive late fees.
6)A credit counseling agency offers you a plan to keep you current on your bill payments and help you avoid bankruptcy.And you can comfortably manage your bill.
7)If you have payday loans , you can consolidate and replace multiple payday loans into an affordable monthly payment.this is also good option for you but it has some condition apply.
8)This option is completely depend on you,manage your daily expenses.
I hope you got an idea.
Thanks
hari