Thanks for this forum and thanks for the help ***! I'll try to keep my story short. We bought a new home Feb. 05 for 266,000. Construction had just started. Moved in July 05 and house was appraised at 320,000. I refi'd with
CW, 30 yr. fixed at 5.875% for about 252,000 and a HELOC with
CW for about 32,000. I did this to get rid of the mortgage ins. and pay-off my truck plus lower my interest rate. This is the only property we own and live in our dream house in california.
My wife got laid-off spring of 06 and has been working part-time on and off. Credit cards and medical bills piled up and we filed chapter 7 BK in Aug. 08, discharge Dec. 29, 08. I got laid-off Dec. 1st, 08 and we are both currently unemployed but my wife does collect S.S. retirement. We still owe about 247,000 on our 1st. and 40,000 on our HELOC. The house is worth about 180 to 200,000.
I know about the
CW Dec.1st. lawsuit and possible govt. bailouts.
***, where do i start and what do i do!...I know get a job! Ha!
chazkeepahoma
