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You are a disabled widow your home is going in foreclosure can the bank make you pay back the loan on a fixed income?
Wiki User
∙ 14y ago
Did this hypothetical widow borrow the money?
If so, then yes.
Wiki User
∙ 14y ago
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My wife and I are totally disabled. We are on a fixed income. Military/ssn income. We had to foreclosure on a rental house,how is this going to affect our credit rating. Up to now we were in the 740 range?
A foreclosure will severally hurt your credit rating but you need to avoid using credit it costs you more than you can earn in the long run due to interest. Just save to buy what you want.
Is there life after foreclosure?
Yes, definitely there is a life after foreclosure, you should find a reasonable place to live, and clear all your debt under your name. Remember that the foreclosure is an outcome of whatever underlying crisis is going on in your life that either impacted your income or caused expenses that made your mortgage unaffordable.
If you have a lien on the house going into foreclosure will you get your money?
No
When does one qualify for VA foreclosure?
Going thru a foreclosure is very hard on a family. You can be foreclosed on in as little as 90 days.
What are the advantages of fixed assets?
Fixed assets are going to be a stable source of income over a period. Variable will change in price over a given period. Where variable can bring a higher rate of return fixed will always bring a steady sure rate of return.
Does a landlord have to tell you the state of property meaning if it going into foreclosure at the time of signing the lease?
No. Who knows if the foreclosure will actually happen? Besides, the federal Protection of Tenants in Foreclosure Act give the tenants at least 90 days to get out, after the foreclosure sale.
Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
How do you prevent your home from going in to foreclosure?
By paying your mortgage payments on time.
I am currently residing in Auburn, Washington on the DSHS program. I am currently going to be evicted. My section 8 in Renton is 4 years for a single woman. I am currently disabled both physcially and mentally, can I be expediated being disabled?
You need to go to your economic office as soon as possible to apply for disability income.
i have an eviction on my credit is there anyboby that will rent to me i need low income emergency housing i take care of my elderly disabled mother?
Are you willing to relocate? You should start by going to your local city hall and ask about their low income housing program, and other government aid program.
Where can one go for foreclosure assistance?
There are several places online like Stop Foreclosure, Md Hope, Portal Hud.Gov, and Hope Now. Try going to a local HUD housing company who should help out with foreclosure problems.
