how do i stop foreclosure,can't refi,can't sell?

Question

over 120 days late,scared confused,just went back to work last tuesday,after out for 6 months[surgery]

Answer 1

First I would call your mortgage lender and explain your situation and work out a repayment schedule. They rather have you pay your loan than having to foreclose. Since you are back at work I assume you will have enough income to pay them at least something.

If you have some equity in your house I'm sure you can sell for a lower price than it's worth. There are always real estate investors looking for deals. You give up equity and they get a house they can sell for more, you avoid foreclosure. But again first talk your lender.

Answer 2

Until you might have utterly settled the finance, the vehicle isn't yours. It belongs to the finance organization. If you have been to promote the vehicle, that might be viewed both fraud or robbery by means of the finance organization and/or the Police. Either conviction might result in a jail sentence, and a crook list so they can damage your employment probabilities for the leisure of your existence. In addition, you could nonetheless be responsible to pay the leisure of the finance. If you stopped the repayments the finance organization will check, and would possibly take you to court docket. You may not win that case. Failure to maintain up the repayments will damage your credit score rating, in order to make it extra complicated so that you can get any sort of credit score at some point (e.g. electrical energy or fuel account, phone mobilephone agreement, a different vehicle mortgage, a loan, a bank card or retailer card, and so on.). If you're in need of cash, you have to mobilephone the finance organization to provide an explanation for the quandary. You can then get their permission to promote the vehicle, however so they can be at the know-how that you just use the money from the sale to settle the finance. Ask them for a payment determine. You have to be mindful that in case you purchased the vehicle new or almost new with a small deposit, the payment determine from the finance organization could also be greater than the present re-sale significance of the vehicle. Any shrewd purchaser will do an HPI determine earlier than purchasing your vehicle, in order to exhibit up that there's finance great at the vehicle. Should you promote the vehicle with out clearing the finance, the finance organization are inside their rights to repossess the vehicle from the purchaser. In that occasion, the purchaser will most likely chase you for a reimbursement, and if you don't pay up might take you to court docket. A County Court Judgement towards you'll extra harm your credit score rating.

Answer 3

Did you ever think about making a payment or other arrangements?