Go on a mortgage over its bankruptcy filing of the mortgage?

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We went from booth and could not sell our house so now it is the object. Now, the sewer at a cost of $ 9,500.00, which we could not replace werden.Wenn we just go to our loans, we can finally be prosecuted and jailed? Would it be better to file for bankruptcy? I know that the credit problems in the bankruptcy and foreclosure, etc..

  1. Reply
    Greg S
    May 17, 2011 at 10:30 am

    You could try a short sale, I don’t know the details on listing it, but it definately wouldn’t be as bad as a bankruptcy. Talk whomever has your mortgage now and tell them your situation, if you keep them in the loop they are much more likely to work with you later.

  2. Reply
    May 17, 2011 at 10:41 am

    (1) There is no debtors prison in the US. They can take the house, go after your other assets, and sue you, but they cannot put you in prison.
    (2) Never just “walk away” from your problems. Managing them assures that even in bad situations will come out the best possible way.

    Talk to a credit counselor.

    Speak to a Realtor and or the mortgage company about doing a short sale and or an “as is” sale.

  3. Reply
    May 17, 2011 at 10:55 am

    file it makes it easier on you.

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