Before Our Credit is ruined

Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined

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      There is another option to give your house to the mortgage company in lieu of

      foreclosure. It’s not as harsh. It’s almost the same thing, but they don’t

      need to file against you and charge all sorts of legal fees and filing fees. It

      still messes up your credit though.

      I thought that when a person has their wages garnished the person gets to keep

      the personel exemption plus the standardized deduction they are entitled to on

      our taxes. That would be something like 9-10,000 dollars per year. It’s a

      miserably low amount. But disability money should have NEVER been included in

      those assets being frozen.

      Suzi

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      From: Lynne

      Subject: Re: Budget101.com : Before Our Credit is ruined

      Melissa,

      I lost my home a few years ago through foreclosure after I became disabled and

      my income dropped to a fraction of what it had been previously.

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Budget101 Discussion List Archives Budget101 Discussion List Before Our Credit is ruined