Our bank has basically screwed us over. They raised our house payment on his the past summer due to a mistake made by one of their employees. Then, my husband and I made payment arangements with them because we were behind on our bills, and with the increase in our house payment it was hard. The bank said fine, and allowed us an extra two weeks or so. So, after the time had passed, and I went to pay the payment the teller swiped my debit card twice, which caused my account to go negative for two weeks. We had late fees on all our bills, and we out another 200 dollars due to overdraft fees. Well, this has been a month ago. I called the bank numerous times in which they told me everytime that they would give me back my money. I even had a lawyer write me a letter in which I faxed to them. Never heard a word,and never got my money. It put me really behind. Now, we also have credit card bills. I haven’t paid them in a few months, and they sent me a bill today for a lower minimum payment..which, I can’t afford the entire thing, but I can send a little. My husband(who is deployed right now) also racked up an 1100 dollar cell phone bill. I just don’t know what to do. Im in school more than full time, and dont have time for anything else because I am almost done, and cant afford to quit now because then I will have tons of student loans to pay back. Okay, well my husband wants to apply to be a recruiter next year. He will get to get out of deployments for a while, make a little extra money, and get out of his horrible shop he works in now. I am so close to just saying screw it, moving back closer to family where he can apply as a recruiter, and renting again. But, I dont know. Im scared about it. I know it will be hard going from a homeowner to a renter again. Plus, after we get caught up we want to have a baby, and Im not sure if I will be happy bringing a baby back home to an apartment. My mom said she might be able to help co-sign for a manufactured home maybe? Would she be able to do that?

Help!

Technorati Tags: apartment, arangements, baby back, cell phone bill, credit card bills, debit card, deployments, extra money, full time, late fees, lawyer, manufactured home, minimum payment, mistake, mom, overdraft fees, recruiter, renter, screw, student loans

r.m. is a very beautiful and expense town with great amenties for residents. we want to vacation once a month, then eventually live full time. ,000 1200 sq ft 2 + den, all turn key.
rent to the city for space and all exterior maint is 0.00 per month. this seems like a good deal as i can use the tax write off? all ages park, 40 acres, 200 units, SPACED OUT, not crowded.
is this ok. owner financing. thanks

Technorati Tags: amenties, full time, owner financing, sq ft

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’ve owned my house for seven years. I do not have an adjustable rate mortgage, and, in fact, my house payment is not too unreasonable as it is pretty comparable to most of the area rents in this area. My problem is that I have a job that doesn’t pay very much … actually less than an hour, and my income has not increased with the cost of living. I also have two teenagers and the support money I use to make my house payment will end in three years. At the time I bought the house, I was making slightly more than I am now, and, of course, I thought my income would increase with time, which it hasn’t. Also, I’ve tried to find a better job for the past four or five years, and although I’m called for interviews, I never get the job. I’ve also tried to find a part-time job, but the part-time jobs I’ve interviewed for don’t want to work around my full-time hours. Also, my daughter, the oldest, works a part-time job to pay her car insurance, but lately, her income has actually been going towards car repairs. At the present time, we’re sharing my car. Also, I might add that I’m within the poverty income guidelines and would have to make another 5 a month not to qualify for such things as HEAP and insurance for my kids. I’ve also been placed on the waiting list for low-income housing … I even qualify for that.

Recently, a mobile home became available for rent in my area. The rent is half as much as my house payment. Although it is only a two bedroom and I have a boy and a girl, I could sleep on the couch … I could make this work because I could actually help my kids out. Both are talking about education past high school, and I worry that if I’m unable to help them out once they’re out of high school, they’ll become discouraged and quit to get a mediocre job like I did when I was young.

At the present time, I have difficulty in buying groceries and keeping up with my utilities. I cannot save money because I don’t make enough to save. Each time I attempt to put money away, I have to help my daughter buy a part for her car or something around the house breaks.

I’ve attempted to refinance. Chase told me I didn’t have enough equity in my home and I barely made enough money to qualify. This, of course, was after they took my 0 in refinance fees. I’ve attempted to do a loan modification with the help of a HUD-approved counselor. Chase told me that they don’t lower payments. I really don’t know what to do other than walk away from the house, but I fear what will happen if I do that. At this point in time, I’m not concerned so much with my credit rating because I don’t actually make enough money to buy anything anyway. I’m more concerned with garnishment of my wages because I’m barely scraping by now.

Any suggestions? Has anyone else gone through this?
I might also add that after my divorce about four years ago, I filed a Chapter 7. At the time, I thought I might be able to save my house, so I didn’t include it in the bankruptcy.
Also, I do have more in the home than it is worth. I received grants to do improvements and make repairs that did not have to be paid off as long as I stayed in the home. I just spoke with the county yesterday … those grants, which are considered second mortgages until 10 years have pasted, now come to about ,000. From what I understand from reading information about deed in lieus and short sales, with the "second mortgages", I’m unable to do either.

Technorati Tags: adjustable rate mortgage, boy and a girl, car insurance, car repairs, full time, groceries, heap, low income housing, mediocre job, mobile home, part time job, part time jobs, poverty income guidelines, present time, rents, seven years, support money, time hours, two teenagers, waiting list

When my hubby and i bought our car, the car dealer found a bank to finance us. is buying a home the same way? Or do we have to hire someone else to help find someone to finance us? Its a manufactured home were talking about getting. And can the land and home be financed together? another question is, do you always have to put a down payment down? we didnt on the car.
Were young (18 &19) but we have good credit, our own appartment, own car(newly financed 2007 model), and a capitolone credit card. We have good jobs and have been working full time since 16. I didnt want an extravagent home, just one 20,000-40,000$. its going to be a starter home so I dont want to spend too much. Ive been looking at Actual homes to but cant seem to find any i like.
No we shopped around for the car. shopped for a few months actually. I thought we got a good deal. apr-8%. monthly payments 426 but thats including gap insurance and financed for 5 years only.

Technorati Tags: amp, buying a home, capitolone credit card, car dealer, full time, gap, gap insurance, hubby, insurance, jobs, manufactured home, own car

Okay…so my husband and I purchased about 13 acres of land that had a mobile hime on it last year. The mobile home is old, and we really want to build; however, we both work full time right now and I am in school full time. We would really prefer to wait until we have better time to plan, so we found a brand new manufactured home that is beautiful and would like to refinance it in to our current loan…basically a trade in (almost like a vehicle). What do we say to the bank when we go in to ask them about doing the trade?

Technorati Tags: better time, full time, hime, manufactured home, mobile home