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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?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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How are lenders paid after a first mortgage foreclosure?
Lenders are paid after the property is sold. Hopefully they will receive at least the balance of what you owed on mortgage. If not they will be looking to you eventually for any deficient balance if they are not able to clear you debt totally through the sale.
You are in foreclosure how long will filing a Chapter 7 bankruptcy delay the sale?
Sounds like you are considering going from the frying pan into the fire. If you are considering bankrupcy, more than paying your mortgage is out of sync. Perhaps you should take the foreclosure, move to somewhere cheaper/smaller, take the bus or drive a $4,000 car and otherwise totally reduce expenses until you are out of the woods. The MSN money site has good information and there is lots of advice online as to how to improve matters by living more simply. Then, when you start over with buying housing look for something more in line with 2.5% times your income, with a downpayment to bring it down to that, you will be much better off.
Is there any way to get money out of an IRA without paying taxes?
There are some IRA withdrawals that are not penalized. If the entire amount is used for the purpose of higher education. If a maximum of $10,000 is used for the purchase of a first home. If the funds are needed to pay excessive medical bills. Payment for medical insurance premiums if the person becomes unemployed. If the IRA holder becomes totally and permanently disabled.
Does a paydown of a mbs security impact the NAV of a Mutual fund?
No. They are totally unrelated to affect the NAV
Does pending bankruptcy have the same effect as bankruptcy?
No. Some things may go into effect, but things are not totally ironed out with creditors.
Can a home owned by a 64-year-old totally disabled woman be foreclosed upon for nonpayment?
Yes, unfortunately in all likelihood the home can be foreclosed upon by the mortgage holder. States do have exceptions for disabled persons but they do not apply to valid foreclosure proceedings. However, if it is something other than a mortgage default, a primary residence can almost always be protected from a forced sale by a judgment creditor. It would be prudent to seek advice from an attorney qualified in elder law concerning possible future litigation connected to the foreclosure.
If a person is totally disabled how can the 7 year statute of limitations be removed from the credit report?
Being disabled does not exempt a person from FRCA laws.
What happened to a slave that was totally disabled?
Usually, if a person was disabled, they wouldn't be kept as slaves, just left to die. If a slave became disabled during enslavement, they'd be put out in the streets. Sad, I know.
Benefit checks sent to coal miners totally disabled by pneumoconiosis come how often?
daily
I was disabled but did not know it I was drafted during vietnam war I was later hospitalized and discharged with nothing I have been permanently totally disabled 16 years what can I do?
Call 1-800-827-1000.
Can you apply for temporary disability benefits retroactively if you were not working at the time that the doctor documented you as totally temporarily disabled?
Obviously you could not have been working at a time when you were totally, if temporarily, disabled. There are however several questions here: since you want to apply retroactively, how long ago was this? Applications have time limits. How did you become disabled? From whom are you seeking benefits? All of these may affect the answer to your question. That said, chances are that yes, you can apply.
Children entitled to Medicare?
To receive Medicare, one must have 40 credits of work and be over 65 or permanently and totally disabled.
Can a child receive disabilities?
A child can receive Social SEcurity disability benefits if s/he is "permanently and totally disabled" as defined by SSA regulations.
You have tourettes syndrome how do you get your student loans payments dropped?
If you're permanently and totally disabled, you can apply to have your federal loans discharged. Having a medical condition does not entitle a non-disabled person to lower payments, but you may qualify for income-sensitive payments.
If lease with option to purchase been foreclosure on what happens?
Sorry, the question is totally unclear. Do you want to buy a foreclosed property that had been lease optioned -OR- is it your lease-optioned property that is in foreclosure? Are you the property owner or are you the person trying to buy it via lease-option? Please re-word the question and re-submit it.
Can delete your wiki answers account?
If you want to delete your Answers account - send an email to support@answers.com. Your account will not be totally deleted - but will be disabled. Your contributions (answers, questions, warnings etc) up to the time your account is disabled will still remain in the system archives.
Disabled child help and support?
Although support for most children ends when the child attains majority, completes school and/or becomes emancipated, support for severely disabled children often continues into the child's adult years.
