Perhaps you’ve heard of it, not many people have. The Mortgage Forgiveness Debt Relief Act allows taxpayers to eliminate up to $2 million of mortgage debt on their principal residence in 2007, 2008 or 2009. Understanding Mortgage Forgiveness Mortgage forgiveness is a familiar term in the real estate market. When a lender will accept less [...]
By John Hurley You may be wondering “can a creditor sue me for unsecured debt?” The answer to that question is a resounding “yes.” Unfortunately, credit card companies and other debt holders can come back years later and try to get the money from you – plus compounded interest. Creditors are more likely to sue [...]
Also, even if the loan has gone to a collection agency, can I still contact the lender and get out of default that way. Instead of paying the collection agency an incredible ridiculous amount, like they are asking? Can your wages be garnished if your loan was private? Thank you very much!
Is there such a thing as home loans based on wages rather than your credit? I don’t have good credit because of some old bills. I’m paying them off. My rent is never late. I make around $40,000+ a year (depending on overtime). Where can I go for this type of loan?