Bankruptcy before foreclosure

[DebraSueCarlin]

My home is in Forclosure. It is a FHA gaurenteed load with a standard Mortgage company. We filed a bankruptcy back in
1997 and listed this house with the intentions of trying to keep up with the payments but we could not. My question is,
if we let our house forclose, will the bankruptcy protect us against more collections? If we try to do a "in lieu of forclosure" would that be better? We have tried to sell it but it isn't worth what we owe. I would appreciate any information you might have.

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by DebraSueCarlin:
My home is in Forclosure. It is a FHA gaurenteed load with a standard Mortgage company. We filed a bankruptcy back in
1997 and listed this house with the intentions of trying to keep up with the payments but we could not. My question is,
if we let our house forclose, will the bankruptcy protect us against more collections? If we try to do a "in lieu of forclosure" would that be better? We have tried to sell it but it isn't worth what we owe. I would appreciate any information you might have. <HR></BLOCKQUOTE>


My response:

Debra, Debra, Debra. I realize you and your husband are in a lot of emotional pain right now. But, with all of your past and present questions, I sincerely do believe that now is the time you should call your State's Bar Association for an "attorney referral." It won't cost very much (anywhere from $10.00 to $35.00) for a consultation. That way, you'll get all of your questions answered in one fell swoop.

Your questions are really very good, but they require very detailed advice.

Unless there's someone else on this Board who wishes to take a stab at this latest issue, I do, with all sincerity, wish you the best and a quick resolution to your situation.

IAAL



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By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."

 

[DebraSueCarlin]

IAAL,
I realize we should go see a lawyer, I just thought maybe you could help me with some of these basic questions :-( we are in a small town in California and not in the position right at the moment to travel to see a lawyer and money is very tight.
Thank you for your concern.

 

[I AM ALWAYS LIABLE]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by DebraSueCarlin:
IAAL,
I realize we should go see a lawyer, I just thought maybe you could help me with some of these basic questions :-( we are in a small town in California and not in the position right at the moment to travel to see a lawyer and money is very tight.
Thank you for your concern.<HR></BLOCKQUOTE>


My response:

Now I feel horrible. I wish I could assist, but your questions, while so easy to say, would require hours to research and then more to write.

Hopefully, there's someone on this site who knows the answers off the top of their head and can help you.

Being an animal lover myself, do you know what you are going to do with doggy? Gee, for me, that makes me feel even worse.

Please let me know how this turns out for you guys.

IAAL



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By reading the “Response” to your question or comment, you agree that: The opinions expressed herein by "I AM ALWAYS LIABLE" are designed to provide educational information only and are not intended to, nor do they, offer legal advice. Opinions expressed to you in this site are not intended to, nor does it, create an attorney-client relationship, nor does it constitute legal advice to any person reviewing such information. No electronic communication with "I AM ALWAYS LIABLE," on its own, will generate an attorney-client relationship, nor will it be considered an attorney-client privileged communication. You further agree that you will obtain your own attorney's advice and counsel for your questions responded to herein by "I AM ALWAYS LIABLE."

 

[DebraSueCarlin]

IAAL,
I would never give up my animals. I have two old dogs and three cats and two cockatiels.
My husband and I are getting a divorce and it is final on June5th, and I am moving into my mothers rental home that I grew up in cause I could not find a place that would accept my pets that I could afford. My mom is asking very little rent in exchange for work I am going to do around the house. Although this old house has been completely refurbished from the roof down it really needs someone in it that loves it to make it a home. So it worked out good for her and for me too. I just want to get on with my life and make a clean break from this house so I am trying to decide what to do. Today I am going to find the number to the FHA cause our home is gaurenteed with them and ask them what our best bet is. I am scared to make the wrong move as if we sign a "lieu" we might be giving up the bankruptcy protection if we have any protection. One way or the other, I have to see an attourney and I will. I just wanted to thank you for your time and concern. No need to worry about my animals, they aren't going anywhere They are all I have and I am not giving them up too.
Thanks,
deb

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Thank you,
Debra