How can I get my name off of my former home(Divorceed)?

Dec 252011
 

In 2004 we filed bankruptcy and filed for divorce at the same time. My X has all rights to the house and property. I included the mortgage comapny in my bankruptcy filing, she kept making payments and re-affirmed. Here’s the problem: I just got notice that my wages are being garnished for property taxes due for 2005 and 2006. I call the state of Kentucky and they tell me that’s between my ex and me, my name is still on the property. I call the mortgage company and find out my name is still on the mortgage because they will not re-finance her without my income. Can the mortgage company keep me on this loan after I filed bankruptcy against this? My X says she has tried to refinance with no success. I cant buy a house and have even worse credit now thanks to her late payments. HELP!!! before I go crazy.

Serious Advice Only: With investment property when do u cut ur loses and let the houses go back to the bank?

Dec 022011
 

Had investment properties 4 over 7 years and have been profitable for 5 1/2 of those 7 years. However, after the mortgage companies let everyone w/ no credit or bad credit get home loans…all that’s left 2 rent is the scum in Memphis, TN. We’ve had 5 houses vacant out of 7 for months, get renters & after 1st month they don’t pay their rent, they know the eviction law and how long it takes 2 get them out, it costs us $ 2 put out, u can’t ruin their credit cause they don’t have much of one, don’t care, if u try 2 garnish their wages…they just quit their jobs. We’ve poured all our personal $ over the past 1 1/2 yr. into keeping our credit in good standings, paying 7 mortgages, repairs, insurance, taxes plus our own personal mortgage and expenses. We have borrowed money recently 2 keep them afloat, but when do u abandon ship? Credit will be ruined, mortgage co. will come after us 4 difference in owed amount & sale price…we just want out before we’re bankrupt…their 4 sale also.

Will my wages be garnished for property tax and default on mortgage?

Dec 022011
 

Any experts, mortgage for closures, real estate, as i have heard several different answers, opposite answers from Realtors. In Michigan, i have tried to sell my home for 6 years. All payments and taxes have been paid on time. Each month the home falls in value and its value now is about 50% of what it use to be. If it does sell, I would need to bring to closing more than $ 400,000, that would include Realtor fees, because I owe much more than it is worth now. I do not have any of the $ 400,000 needed to bring to a closing. Only what I could borrow without collateral. I have a little money in a 401K, and that is it. I am paying living expenses for the family, costs to run the home etc. and bills from a previous business from a failed Michigan industry. I do not qualify for a bank short sale being told I cannot be approved for a short sale because of my income. The house is in need of much repair, so effects much including family health. When it sells, it will sell for land value. I do not have the money to fix it, so it cannot be leased out. I was also told by realtors not to put any money in the house even if possible, (which at this time is not possible) because of the falling prices and will only sell for land value in the end anyway. The taxes are approx. $ 20,000 a year and was told they will not be lowered, even though the home is worth land value, the city does not count it that way. If I find a home that is livable for my family, and start paying for that home, with a lease or what have you, – sellers in Michigan will do pretty much anything to sell, because their homes have been for sale for so long now, or even if we live in an apartment. If I find a place for my family that is livable and pay for those living expenses and then If I stop paying the mortgage on the current home, and stop paying property tax, will my wages be garnished for the unpaid mortgage? Will my wages be garnished for unpaid property taxes? What happens to the unpaid property taxes? If so, for either, is there a number of years that my wages will be garnished? or forever? Are the penalties and interested added on? Will there be any allowance for the new mortgage or apartment fees that I would be paying for my family to live in? I’ve tried to sell for several years, but now the value has dropped enough and the state of the home is not acceptable to live in and getting worse over the years along with family health. We need to move, but I don’t know how to when I do not have the money to bring to a closing to sell and not accepted as a short sale canidate. I am open to hearing any solutions.
in response to one of the answers. If I do not qualify for a short sale, then I don’t think I would qualify for bankruptcy???
As suggested, if I walk away, looks like I will be sued for the $ 400,000 plus I assume the property taxes, plus by the time the mortgage company will be able to sell the home, which would be possibly a couple years or more,values will have dropped that much more and then penalties and interest on property tax and I assume penalities on mortgage, so lets say they end up suing me for $ 500,000. I think this would be garnished from my wages, correct? If that is the case, then it will be hard to pay for the new living expenses and housing. Is there a limit of years that they could garnish my wages? Can they take any of my 401k. Bankrupt is much worse on a credit history than for closure i assume and since I have an income, I do not think I am allowed to go bankrupt, correct?
Is there a limit to how many years they can garnish my wages? A limit to how much per month that they can garnish? Are interest added on for all the years it will take me to pay it back by garnishing my wages, or interest added on for the years it will take them to sell the property?
If i do walk away, and my wages are garnished, is that money tax deductable because I am paying a mortgage back. If I have to pay the mortgage anyway on a for-closure, then is there any other solutions?

What banking information do I need to bring to my first day at work?

Dec 022011
 

I’m starting my first day of work at Safeway in Manitoba, and I need to know what banking information I need to bring with me. My boss started talking about it but wasn’t very informative. I know she said that I need my banking number or something, but other than that I have no idea. She needs it because my wages will be direct deposit. Thanks.
I’m only 16 though, so I don’t have any checks.

Contacted Student Loans – Wish me luck!

Mar 032011
 

I sent a goodwill letter to my student loan creditor today. My loans went into default and the wages were garnished. They loans were taken out 1999 -2002, so I’m hoping they will remove the negatives. I will keep everyone posted and share the letter if it’s successful!

Court date for judgement (had a order to vacate)

Jan 032011
 

Hello all.

 

A little back story, a company wanted to garnish my wages and had a judgement put up against me. I was never served. Saw the documents and they were signed by someone else in an apartment i never lived in.  Did the proper procedure so that they would put a stop to garnish my wages. I have a court date this week and reading up on what should go on.

 

I still want to hear input from you guys. You’ve helped me with past issues.  Did anyone ever have a court date for a judgement such as this? How should I present my case? 

 

Thank you for your time and I wish all of you a happy new year :)

Garnish my wages?

Dec 162010
 

I’m asking this on behalf of someone.

 

 

I recently intercepted a letter regarding a judgement that involves garnishment of my wages. I never received the actual judgement years ago and was told that I “signed” for it in an apartment I never lived in which made me miss a court date  I wasn’t aware of.  Funny thing is, I argued about this report with the agencies and it fell off and then returned again when I “signed for it

 

Questions are

 

How long can I hold onto this letter to figure out my mess? And what are my options? Should I talk to a lawyer or am I just out of luck?

 

 

Thank you for your time

Student Loan DOFD and collection questions

Mar 102010
 

I had a call from a CA yesterday about something that I thought was history.

 

I had a PLUS student loan that was paid off 12 or 13 years ago. The final payment was about $6000.00, which I paid when I got a small inheritance. 

 

About a year after I paid it, I got a collection call, so I called the entity to whom I wrote the check. They asked me to sent a copy of the check, so I did. Anyway, after a while I never heard from them again, so I thought all was good.

 

Is there any glitch that would allow them to put this “defaulted” loan on my credit? I can’t even prove that it was reported late 12 years ago, therefore ineligible to go back on my report.

 

Also, I have no idea where that check is now, it was 12+ years ago! Can they garnish my wages?

 

Can someone kindly tell me exactly where I stand on this.

Edfund Wage Garnishment – Help!

Feb 232010
 

I need some help figuring out what my options might be. Here’s the situation.

 

I received notice on Friday that Edfund is garnishing my wages at 15%.I owe a total of $2,235.23. I called them and they said I’m not eligible for any loan payment plan at all. They told me my options were to PIF or the garnishments would occur. The closest thing they said I could do was register for “hardship” to see if they can get the garnishment amounts lowered.

 

The original loan on my credit report is listed as ACS/Wachovia for $1750.

 

I searched the forums and kept reading about all kinds of rehabilitation programs and the like that are available on student loans. Is Edfund just stonewalling me and not telling me about my options or what?

 

BTW, I never received anything in writing from them, although I did move since setting up the account, so that could affect it.

 

Thanks for your help in advance!

Questions about Mortgage insurance?

Feb 042010
 


Here I have examined some answers. . . I have some questions. I recently served as a loan repayment and procedures of exclusion have already begun. This is because the divorce. (I know it does not matter) I have mortgage insurance. I always thought that the accident was the owner of death and / or its protection, the economic losses in case I had to mortgage credit. In my paperwork, I had service, but they pay about $ 40,000, and that is due to me. Question: My mortgage insurance here in any way to save me? And I can not afford to go to jail. These are just my big concern. Oh, I live in the Palestinian Authority. They can decorate my salary? I was told that the Palestinian Authority, the state where they can not garnish wages unless back taxes or child support payments. Any ideas?

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