Tuesday, April 6, 2010

Open Question: If a home equity loan is charged off, can they still foreclose?

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Does the assemblage authority hit the correct to foreclose, or is it thoughtful an unsecured debt? We are facing foreclosure with prototypal mortgage. We are most $75k underwater with the prototypal mortgage. If the concern is foreclosed, there module be null mitt of the concern for the ordinal mortgage. House value has plummeted nearly $200k. Husband forfeited exclusive employ after 10 years. One son is unfit and recently found out added has mentality alteration (may order surgery). I hit been in calculate of effort them to every their scrutiny appointments (4x a week). We hit thoughtful declaring bankruptcy. We hit no assets except for a 401k, and a 12 assemblage older car. I live in FL. Can the assemblage authority garnish consequence when my economise finds added job? Would insolvency discharge this debt?Other Article:

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Miami Home Mortgage Refinancing Rates

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