the reason I am asking is because my hubby filed bankruptcy 4 years ago we saved the house (wish we wouldnt have know) but anyway we just had a baby and are almost to the point of not being able to pay the house payment, due to all the extra medical bills and special formula she has to have ($80.00 per week in just formula) can't get WIC either.... Anyway we can't file bankruptcy for another 3 years so I wanted to know if the bank came after you (your paycheck) when you moved out? My friend works at a different bank and said due to sooo many losing their homes the bank doesn't even go after them anymore by I am at a different bank and need to know.... thanks so muchAnswer Question
Asked by Anonymous at 9:01 AM on Jan. 13, 2011 in Money & Work
We had to file bankruptcy to avoid paying the mortgage company $50K for a house we could not live in. There was a real estate auction, the only bidder was Countrywide (who was our mortgage company) and they purchased it from themselves for $50K less than what we owed on the house and wanted us to pay the rest, nevermind the fact that we had lived there for a little over a year and already paid them more than $12K in monthly payments. We have been out of that house for over 4 years now so I don't know if the banks have changed, but I can tell you that I would not trust a mortgage company for anything. We learned our lesson, we saved up and bought a house outright.
Answer by scout_mom at 9:08 AM on Jan. 13, 2011
Answer by Collegemommy910 at 9:08 AM on Jan. 13, 2011
Answer by slw123 at 9:35 AM on Jan. 13, 2011
Answer by tootoobusy at 9:49 AM on Jan. 13, 2011
Answer by charlotsomtimes at 10:30 AM on Jan. 13, 2011
Answer by Anonymous at 10:45 AM on Jan. 13, 2011
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