Posted on: 17th Jun, 2010 01:56 pm
My husband and I bought a house with 80% being financed by one mortgage company and the other 20%financed by a different company. In May 2009, my husband who had been suffering with bipolar depression, shot himself in the house. I tried to sell the house but wasn't able to and so the first mortgage company forclosed on it in December, 2009. Now the other mortgage company that paid 20% is suing me. I wouldn't have left the house but couldn't emotionally live in it due to the circumstances. I've been in shock for about a year and now this! Any advice on how I handle this? I don't own my car or home. Can they take the cash I have on hand or garnish it from my retirement check? I was granted an early retirement due to disability. I am trying to get SS disability as well because the retirement isn't enough to live on.
Thank you so much for any advice,
Jeannie
Thank you so much for any advice,
Jeannie
jeannie, i am sorry to hear about your tragic loss. is your name on that second mortgage? i hate to say this but i would speak with a bankruptcy attorney. you could also offer a payoff amount equal to lets say 10% of what is owed while indicating that if they don't accept, you will file for bankruptcy.
Yes, my name is on the second mortgage. The problem is that I can't pay even 10% because I am already not getting enough to pay my bills monthly. I am getting $1400 a month and have about $2000 + in bills. I appreciate you writing! Surely something will work out!
