Help Debts

Posts Tagged ‘good chance’

I refinanced my house through Ocwen in 2002 just before a major surgery to help with cost that I knew I would incur during the no work time. They told me one thing on the phone and when it came to signing, the paper work was nothing like what they offered me on the phone, but at the time is was only one week before surgery so I went ahead and signed. Since then I struggled and finally last year I was able to pay off my 2nd mortgage and all credit cards. The only bill left was the mortgage, since I paid off my vehicle the year before. November of last year I was in a bad car accident that totaled my vehicle. After receiving the check from the insurance company I purchased a used 2008 Dodge Advenger for 15,000 with 6,500 down on a 36 month loan. (Trying to stay debt free). Well December comes in and on the 2nd I was informed that layoffs would begin that week and sure enough two days later I got the call not to come in. This was a big surprise, since my company received records profits just the quarter before. Anyway I feel really bad, but I just cannot handle the mortgage payments anymore and I have tried everything to get the mortgage company to do something. They say I do not make enough for them to be able to help me. I am currently spending three hundred every month more than I am bringing in. My savings is now gone and starting to use credit cards again. And at this point I have a good chance of getting a job outside of Michigan, but if I do get the Obama modification I have to stay here with no hope of a job. Things just look worse at my company each month.
Will I be able to keep the car even though there is some equity in it? And can I let the house go this way with no reprecussions? I feel bad, but I also feel they took advantage of me when I was in a bad situation. And I have had the house on the market for over three years with not even a glimmer of hope. Thanks in advance for any and all advice. For those who like to talk down about people that file bankruptcy I pray you never find yourself in this situation. Current situation:

House owed 99,500 value about 105,000
Car owed 7,000 value about 15,000 (kbb)

My fiance was wrongly accused of family violence by his 30 yr old son… who was living with us. He was arrested and charged with aggravated assult. He has a court date in september, and we are in need of some legal advice, and legal aid. We cannot afford the expence of a lawyer, as we are in debt because of his son (not paying rent, bills etc. ) We are in Georgetown, just outside of Austin Tx.

I know my fiance is innocent, as I have witnesed the entire "incident". And the only reason his son pressed charges, is out of retaliation. His father kicked him off the computer, and the son started coming after the father, instigating the whole thing. There were NO punches. Just wresteling. His son was kicking, clawing, and biting. But he was the one who ended up with a few bruises becasue the wrestling ended up on the floor.

If my fiance goes to jail, thre is a very good chance we will lose our home. There is no way I can afford the upkeep by myself.
Thanks in advance!!