im 22 with a business that is going broke a morgage i cant pay that my grandmother is living in the house?

Question

what should i do the house is in my grandmothers name so claiming bankrupcy will not help i dont know what to do im currently selly my business but ill still be in to much dept can some one please help

Answer 1

See if your grandmother is willing to sell the property and if so, contact a Realtor. If not, then ask your grandmother to call her lender and see if they are willing to help by deferring a payment or something of that nature. Doing nothing will get you nowhere except in foreclosure, so don't delay in getting the problem resolved immediately. If nothing else, go out and get a 2nd job, for crying out loud.

Answer 2

Okay, panic break is done, time to get real.

You're 22. You can't POSSIBLY have been in business long enough to be that seriously in debt. Unless you really screwed the pooch worse than most 22 year olds could manage to, it's probably fixable.

My guess is that you know a good deal about a specific service you're offering, and just figuring out that this is not enough. The first problem of small business is marketing. If no one knows you're in business, you're not.

Find a mentor. Get help. You probably have a good service, but you don't know jack about where customers/clients come from. LEARN THAT. FAST.

I'll bet you can save this by New Year's if you'll wake up and realize that the crap about the world beating a path to your door was just that, crap. The world is too busy to look for you. If you build a better mousetrap and plant your store in the middle of the highway, you might make a pretty good living, but if you're waiting on the world to stumble across you, you better have a storefront in Times Square.

Get off your butt and start beating a path to your customers' doors. Haven't you ever been called by telemarketers? Why do you think they do that?

Don't quit. Be your own hero and adapt.

Answer 3

Have you tried to refinance the house with cash out (equity loan)? You could save a few mortgage months mortgage if you did this. Of course, since the house is owned by your grandmother, she will reep the benefits!

As for you, I'm sorry to hear that your business fell short of success. If you are in too much debt as you claim to be, then I would contact an attorney and weigh out my options.

Answer 4

Hi Im a Real Estate agent in Orange County,CA
my toll free number is 1(866) 825-9618

You don't have to go through all that hassle if the house is under your grandma's name then pursuade her to sell it and rent a nice apartment and payoff what you owe instead of selling your business where you generate your money.Feel free to give me a call and take care.

Answer 5

can u show that u; support the household , i declared bankrupcy,and my mothers name was still on our condo. check it on.