There’s a lot of advice about short sales floating around out there. And much of it is valid.
Because the phenomena of the short sale is relatively new, which means it hasn’t bottomed out, there are no established standards or even consistent expectations.
The only sure thing is that it won’t be easy, and that logic, common sense and common courtesy don’t apply.
This war, and it’s gonna get ugly.
Each bank does it differently. <
() Creston, IL – I’ve been thinking about fear. Actually I’ve been thinking about our national situation(s), the coming elections, the major political parties, pension draw downs, unemployment, the FED, the US Treasury, and September/ October/ November surprises. Ah to live in “interesting” times… . We are witnessing a noticeable change of heart in not only what is spoken/ unspoken in private, but also in the shriveled poker faces that are now before us in the media, the public appearances, and the preparatory actions of what are about to unfold. Some portents/ omens have begun to appear before us for all to see. Others are actually appearing in the information being reported to us.
A common question asked among those filing Chapter 7, as well as Chapter 13 is the following…
Can I Keep My House if I File Bankruptcy?
The first thing that you will need to look at is the equity in the home. If there is no equity in the home, you will more than likely be able to keep the house. After you declare bankruptcy, you will be responsible for all bills associated with the home such as liens, deeds, and more. A
The past few years, with “this economy” and all, have given rise to more and more talk about a formally very taboo topic:
Money.
But, what still seems pretty taboo, at least in my social circle, is talk about debt.
Student loans are a common gripe from 20-somethings my age, but beyond that, I’ve never had more than a few sentence conversion about credit cards, or other “bad debt”.
Except of course when someone whips out their “rewards credit card” at a dinner and explains,
“I get like 1% cashback at XYZ store”
To which I always try to hide my thoughts. I know responsibl
— James Adams @ 3:07 am — 
September 5, 2010