My son has had a really rough year financially and health. He is married with 2 children. The bank want to foreclose on his house. I told him to file for bankruptcy, he is willing to do it but he doesn't have the money for that either. I don't have the means to help them.
Is there anyone who can give us some advise as to how and where to look.
The bank are going to start right after Christmas. Please help. Thanks
2006-12-23 03:43:07 · 2 answers · asked by marisia 3 in Business & Finance ➔ Renting & Real Estate
He needs to go to the county courthouse. They should have the papers for him to fill out to file. But if the mortgage company is already ready to foreclose, he better get a move on. He will have to fill out all the papers and file them before the foreclosure papers are filed. He should have started this process long ago.
Good Luck.
2006-12-23 03:53:34 · answer #1 · answered by nana4dakids 7 · 0⤊ 0⤋
Well depends on what state he lives in. How far behind is he? Even if he files for bankruptcy, does he have the money to pay the monthly mortgage? Filing for bankruptcy gives him about 60 days then the bank will ask the court to lift the stay and they will proceed with foreclosure.
He should go down to legal aid or such for assistance.
2006-12-23 14:17:29 · answer #2 · answered by El_Nimo 3 · 0⤊ 0⤋