We are in very serious trouble, we are about to lose our house.?

Question

I am losing the use of my legs due to several back surgeries, bills are mounting, our house is about to go into foreclosure and our van is about to ge reposessed. We live near St. Louis, Mo. and we cannot get a loan due to terrible credit. We also have 4 kids ranging from 17 to 11. Please contact me with any information and advise. Thank you.
M and K
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Answer 1

You don't say your income level or the equity you might have in your home so I can only give you a general idea here.

The first thing is you can always get a loan no matter what your credit is like if you have enough equity, But you sound like you don't have any so here we go.

Stop worrying about the van let the thing go- you will be able to get another. Check with your county about rent assistance , food stamps and utility bills. They won't pay it all but you might come up with a house payment or two -- SEE AN ATTORNEY RIGHT AWAY AND SEE ABOUT FILING CHAPTER 13 0R CHAPTER 7 BANKRUPTCY.

In chapter 13 you pay your bills through the court and the court determines what gets paid and how much

In chapter 7 you just wipe out all debt and start over. As a general rule your lawyer can help you keep your home through both types of bankruptcy's.

If you think you are going to have a lot more bills due to you legs file chapter 13 and let the judge handle your debt for you. You more than likely can covert to a chapter 7 after you know all the bill are in-- then wipe them out. YOUR ATTORNEY WILL ADVISE YOU.

USE THE LAW TO KEEP YOUR HOME AND CONCENTRATE ON GETTING WELL! you CAN E MAIL ME IF YOU LIKE.

Answer 2

I am a Mortgage Consultant and there are some programs out there designed for forclosure bailout. It will factor in your entire scenario. You have to think outside the box and try to generate some income from home. It appears you have the internet, so finding or making your own career should not be that hard. Plus, you have a 17 year old whom is of working age, so that is a help as well. Hope the best for you!

Answer 3

Here are some links that provide help and information for unfortunate individuals in similar situations. I hope this helps.
List of all available Federal programs http://www.govbenefits.gov/govbenefits_en.portal;jsessionid=FX2KrmkSYpQNWvJT5M5bCT8d6NfrbMGL2kWh01jgmGKD5HYmGYyj!-1747634320?_nfpb=true&_pageLabel=gbcc_page_locate_federal&_nfls=false
Finding out what benefits you are eligible for with the US Government
http://www.govbenefits.gov/govbenefits_en.portal?_nfpb=true&_pageLabel=gbcc_page_questionnaire&_nfls=false
For sure go see these guys
National Home Recovery Program for foreclosures http://www.nhrp.com/
Here are some others
Steps that can be taken to prevent foreclosures: http://www.consumerlaw.org/initiatives/seniors_initiative/advforcl.shtml
Free legal aid search for all states: http://www.lawhelp.org/
The Fair Debt Collection Practice Act: http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
Buena Suerte

Answer 4

Is your spouse working?

How long have you been paying on the house?

What bills can you do without that you have, such as cable or dish, or other things that become luxuries when you're in a situation like this?

Answer 5

You do have rights, try links below, you can also do a search with "stop foreclosure" and get many sites for info. Good luck and God bless.