If home is going back into foreclosure, should you file bankruptcy or sell house?

Answers:1   |   LastUpdateAt:2012-10-22 10:30:03  

Question
tegz =-)
Asked at 2012-09-09 15:57:03
The loan was a "modification " to the mortgage company and we are late on payments. We sold one of our trucks on Friday to pay $ 1,100.00 2 months late, and today we have the letter in the mail saying they were continuing foreclosure. MedlinePlus We called and they said they do not do enough , but what they are working on something , but I have a bad feeling that stalling. I want to sell the house , but my boyfriend does not want . Our house is worth more than you refinanced for, but it will be difficult to sell quickly . Our credit is terrible and our score is very low . What about filing for bankruptcy or trying to sell fast .. before foreclosure starts again ? MedlinePlus I do not think we can do a lot to get out of the mess we're in. MedlinePlus ( we missed because payments a / c broke .. we live in Florida and have the baby again, so we had to buy window units . )
Answer1MohammedAnswered at 2012-10-22 10:29:07
Be responsible - sell the property and pay what you owe . Do not try to sneak things by filing for bankruptcy when you are able to sell the property and pay what you owe . Also, if you think your credit is bad now , wait until he adds a bankruptcy !
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