We have found the perfect home (brick ranch 3 bed, 2 bath) It is in the perfect location as well. Asking price in only ,400 – It is a foreclosure home, and it will be going up for auction in 15 days, unless we can buy it before then.

So here is the deal. My husband has really bad credit. Reason, his ex-wife got their former marital home in 1999. She was told to get the mortgage out of his name, and to make all the payments on time so not to hurt his credit, but didn’t. In 2005 she was finally ordered to sell the house, using a real estate agent, signs, newspaper adverts etc. AND to make the mortgage payments on time so as to not effect his credit negatively. She didn’t do any of that. She rented the place out from day one, pocketed most of the money and only sent in a mortgage payment when threatened. This already effected his credit. Then in 2007 she just up and decided she didn’t want anything else to do with the home and had it foreclosed on.

Due to ongoing court battles, over his ex-wife’s refusal to comply to any court orders (ie custody etc.) my husband took out a band aid loan (mortgage) in 2003 (to pay attorney’s fees), which was on a fixed rate for the first 4 years, after which we planned to refinance in to another fixed mortgage. However, since his former marital home was in his name, and she had it foreclosed on, she had ruined his credit. As a main bread winner, as my income was not enough to qualify for a mortgage, and his credit was ruined, and no one would even consider giving us credit. Our house payment went from 0 – 0 overnight. The loan was compliments of "Ameriquest" sold to "Coutrywide" A few months later we lost our home.

When we lost out home we could not find another in the same area we had lived in. We were thus forced to move a great distance, and had to find new work. As a cascade effect of all of this, which started with his ex wife, we had to file bankruptcy in 2008, and we didn’t even have enough money left to finish that up.

Bottom line is this. We want nothing more then to have our own little house and make affordable house payments for about 15 years. However, due to our bad credit rating no one wants to help. We can prove all I have just said. Due to lack of funds we can’t hire an attorney to take his ex. back to court. Even if we did, it would be like beating a dead horse…. her new husband would hire a lawyer to draw this out and file excuses etc. etc…. we wouldn’t see much money, if any.

So, having explained all of this, I want to add that my husband has a great work history and has been at his current job for 3 years now. We have lived in our current rental (mobile) home for over 2 years now, and can provide excellent references as far being good tenants. Question is, who would give us a mortgage for that small amount. Bonus here is that the house is actually worth ,000 given the area and all. This is such an incredible opportunity that we just don’t want to loose this chance to own our own house again.

Where could we turn to get this small mortgage for this home? We have a small down payment of 00 to boot. Any suggestions are greatly appreciated.

Technorati Tags: ameriquest, asking price, band aid, bankruptcy, bread winner, brick ranch, cascade effect, compliments, court battles, coutrywide, enough money, fixed mortgage, fixed rate, foreclosure, great distance, loan mortgage, mortgage payment, mortgage payments, perfect home, real estate agent

I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about 0 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.

Technorati Tags: bankruptcy, consolidation loan, credit card debt, guidance, interest rates, loans, manufactured home, minimum payments, new car lease, rental payments, score, year mortgage

Less than superb credit (just discharged from bankruptcy) I own the home out right, would like to finish a remodel and put money away in savings. What are my options?

Technorati Tags: bankruptcy, money, remodel

we bought a manufactrued home but while the finance company and the dealer where working on the paperwork they were setting the house up. we moved in and the place that sold the trailers was shut down by the FBI. The place that built the home filed bankruptcy and closed there doors, we still never got a title to get the house financed and now everyone is out of buisness,we have lived in the house for five years and own the property but how do we get a title for the house.Between the FBI who shut down the buisness and the people that were running the buisness don’t have anything or any paperwork on the house and don’t even know we have it, although they are the ones who set it up but as far as paperwork it is lost to everyone.

Technorati Tags: bankruptcy, buisness, doors, fbi, finance company, paperwork, trailers

There is alot of information sorry I couldn’t cut it short. I am applying for a loan for a mobile home (manufactured) and it’s a foreclosure that has been on the market 80 days for K. No bankruptcy or foreclosure in the past, in fact it’s a first time thing. Ok credit score is 585, 637, and 617 well they pick the middle one so it’s 617. Gross monthly income of 00 and monthly debt of 0. Well we were not accepted from caldwell banker b/c the only thing posititve on the report is one credit card which was opened in October and it’s a 00 limit with only 0 spent. On the credit report there is 67 in debt. Is there any way we are eligible for this loan? We can do 00 down and can show proof of everything! There are so many people out there that get this sort of thing, people worse off than us financially and it is possible…….I am in desperate need of some assistance. Paying 00-00 a month is in our budget. Anyone please help! Thanks so much!

Technorati Tags: alot, bankruptcy, budget, caldwell banker, credit card, credit report, credit score, desperate need, foreclosure, mobile home, ok credit, proof, time thing

Okay we have a mobile home. We owe ,000 on it after nine years. No missed payments. We have a 2004 Kia spectra. We owe ,000 on it. We have a 2004 Trailblazer and we owe ,000 on it. We have no credit cards and no one will refinance ANY of what we have.

I want to move but obviously our house won’t sell for what we owe. We can’t get rid of the Kia because again its worth less than what we owe.

My husband works full time and has a great job. But overtime has been cut. So we really have no extra money. I homeschool our oldest and we have a one year old as well. I have no experience and no way to get any unless I pay for childcare. Which would defeat the purpose of having a job.

Is bankruptcy our only option? Please only serious answers. We are at a total loss. We are in our early 30’s and just want to actually start living and have a home. Not live in a trailer park raising our kids.
Wow thank you so much Ray and Percy! Well let me add more details. My husband makes about ,000-,000 a year. Depends on the year. He has had his overtime cut but still works like a dog. So he won’t be able to get another job.

As for things for me to do. I do buy and sell items on Craigslist as often as possible. Always making a profit. But having the spare cash for me to buy something that I’m not sure when I can sell doesn’t work so well.

We have two cars because he works and I stay home with the kids. I have the large car so we can all fit and go places together. We can’t get rid of it because we don’t fit in a ‘car’ and he wants something decent so it won’t break down on me. He is driving the Kia because it is better on gas mileage and we can’t get rid of it because no one will buy it. No one will buy either one since we owe more than they are worth.

I appreciate the advice and support because we have no one to ask that would help any. Thank you so much
As for cutting our expenses. We have no extra items to really speak of. I have a cell phone but we have no land line. I pay a flat rate and it is cheaper than a land line would be. We use cloth diapers so there is no expense there. I pay 0-0 a week on food for all four of us. The baby eats like an adult so there is no baby food to buy. All the clothes we get are from Goodwill or Craigslist. I never buy things that I can’t resell for more. Even our laundry soap is less than .03 a load. I use soap nuts. Super cheap and work well. So we are NOT living a ‘grand’ life so to speak. Its not like I am out spending money hand over fist. I am doing the very best I can to keep our expenses as low as possible.

The bills are:
Car- 0
Truck- 0
House-0
Lot-5
Insurance-5
Electric- 0 (and yes I turn everything off and air is set to 80 degress)
Phone
Cable and internet
Storage (no choice)
Then you have food and gas and other items. Does that help any?
Thank you for your kind words! I may take on children to babysit, the only problem is that I home school my oldest. (That also cuts bills for clothes and other items). So trying to home school and take care of my baby and additional children might be tough. But something I will consider. Thank you so much everyone for the kind words and help. I am truly reconsidering filing now. I felt like all hope was lost and now I feel that maybe bankruptcy isn’t our best option. Thanks!

Technorati Tags: 2004 kia spectra, bankruptcy, cell phone, childcare, craigslist, credit cards, extra money, full time, gas mileage, home with the kids, job, kia, kia spectra, mileage, mobile home, nine years, overtime, trailblazer, trailer park, two cars

I own a Large Doublewide Mobile home in South Alabama on 1 acre of land. I am in Chapter 13 currently and wish to refinance the balance of my Mortgage with the balance of my bankruptcy. Total Payout is ,000.00 with collateral appraised at over 0,000.00. ANY IDEAS FOLKS!!! I am needing to act fast!!!!

Technorati Tags: acre of land, bankruptcy, chapter 13, collateral, doublewide mobile home, mortgage, south alabama

We bought our house in Oct. 2007. Our interest rate is 6.5%. Would it be good to refinance if the rate got down to 5.75%? We need to lower our payments if need be. We are so strapped right now with rising gas prices, food prices, daycare for summer, etc.

Right now we are financed through Wells Fargo and have been on time with every payment. We filed bankruptcy in 2004 on a mobile home that had water damage so I was wondering if this might hinder us in refinancing? Any advice would be appreciated!!!!!!!!!!

Technorati Tags: bankruptcy, food prices, interest rate, mobile home, rising gas prices, water damage, wells fargo

My husband is a Marine & we are being relocated. We decided to buy a manufactured home..(cheaper) I got our credit score & they are horrible.(596, 592, 643) Which I don’t understand because we pay EVERYTHING on time. But we have a lot of debt & cards are close to limits. Will selling our home improve our credit by reducing our DTI ratio? I am one of those who assumed(incorrectly) that paying on time was enough. No collections, No bankruptcy, etc. On a side note, financing a manufactured home is next to impossible unless you have EXCELLENT credit.
We can afford our payments…which is why none are late. We pay super low taxes here, and where we are moving to buy the same house our payment would be higher. I don’t want the same size/condition house for a HIGHER payment, who would?

Technorati Tags: amp, bankruptcy, cards, collections, credit score, paying on time

I have legal fees and credit cards i can no longer pay. I have a loan on my vehicle and my home (manufactured) is finance. Can I keep the vehicle and my home out of the bankruptcy?

Technorati Tags: bankruptcy, credit cards, finance, legal fees

Almost 2 years ago my inlaws had to go thru bankruptcy and lost their home. My husband and I took our entire savings and purchased the property adjacent to our home and then had a modular moved onto the property which is financed in our name. The problem is since then, my father in law lost his job and refuses to get another one unless "it pays what he needs". So needless to say they are alwyas late with the payment and we have had to make it several times ourselves. They are now making us out to be the bad guys because we have suggested that it may have to be put up for sale. We cannot continue to make 2 house payments. We have 3 kids and bills of our own. My mother in law speaks ill of us and when we try and talk to them about it she claims we are making her sugar go up or because of us adding stress to her life are going to cause he to get cancer. UUGGHH, I am lost as what to do???? Anyone have any answers?
I need to add that both my husband and I work. And my husband is less understanding of this situation than I am.

Technorati Tags: bad guys, bankruptcy, cancer, inlaws, job, mother in law, quot, several times, stress

My husband and I have always had perfect credit until a business failure 2 years ago. We had to file for bankruptcy (it was discharged 1 year ago). Does anyone have names of reputable lenders willing to do a small loan — maybe ,500? We have been almost a month behind on our mortgage for a year now and I can't seem to catch up. Also, part of the $$ would be for a down payment on a car. We would try to refinance or get a home equity loan but due to the fact that it is a manufactured home (on 5 acres) lenders seem to turn up their noses on us — especially since our credit ratings have suffered due to the BK, etc. Any suggestions?? Thanks – linbad

Technorati Tags: bankruptcy, bk, business failure, home equity loan, manufactured home, mortgage, noses, reputable lenders

found a man. home at a dealership that sells cash only. I don't have good credit but no bankruptcy. I have a good paying job, but need a new home now, so I need to find a financer quickly. I have my own land to use as a down payment, and have no current payment now.

Technorati Tags: bankruptcy, good credit, good paying job