Foreclosures Discussion Archive 7

Re: a loan to get caught up on a mortgage


Posted by Joanne on July 02, 2003 at 19:00:32:

In Reply to: a loan to get caught up on a mortgage posted by Christy Perez on June 27, 2003 at 12:04:51:

to be frank...i was in this situation before also, someone told me u shouldnt borrow to get out of debt it creats more debt ( sorry Brokers). If you have the funds coming from a diffrent area other then working wages its diffrent. Sell the house if theres equity, and start all over. :

I live in Colorado and I am currently 3 months behind on my mortgage. We recently filed for bankruptcy and it was discharged in May 2003. We can pay back the loan (we need $5,000) but we just cant find a lending institution to give us a chance. Im scared and desperate and would appreciate any advice you can give me.

: Sincerely,

: Christy Perez

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Comments:: to be frank...i was in this situation before also, someone told me u shouldnt borrow to get out of debt it creats more debt ( sorry Brokers). If you have the funds coming from a diffrent area other then working wages its diffrent. Sell the house if theres equity, and start all over. : : : I live in Colorado and I am currently 3 months behind on my mortgage. We recently filed for bankruptcy and it was discharged in May 2003. We can pay back the loan (we need $5,000) but we just cant find a lending institution to give us a chance. Im scared and desperate and would appreciate any advice you can give me.: : Sincerely,: : Christy PerezOptional Link URL : Link Title :
      

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