Can they take my house?

05-23-2005, 12:18 PM

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Join Date: May 2005

Posts: 1

Can they take my house?

What is the name of your state?What is the name of your state? Michigan
Recently there have been five judgments entered against me for credit card debts that I could not pay. They total about $80,000. I am self employed and only make about $350 per week. Just enough to cover bills and support my son that lives with me. My house is paid off and is worth about $150,000. but I have an equity loan outstanding of $50,000 which I make the minimum payment on it every month. I own a 2000 Jeep and still owe $6200 on it. I have no money in the bank and I can not afford to pay on these judgments. My question is: Can they take my home because I have so much equity in it and can they take my jeep? What are my options to protect my house and my jeep? What can I expect to go through with these judgments?

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