Bailout Foreclosure
I lost my home through foreclosure,under the new mortgage bailout is there any recourse when the banks come?
what are my options e.g bankruptcy, debt settlement tax write down e.t.c.
Will the banks sue for payment ,is there any government help with this
Whether or not banks come after you for the difference they’re owed depends on your state’s laws. A CPA or tax attorney who works in your state would be best at advising you on your local laws and the best way to deal with such an issue.
Recent legislation wouldn’t have any effect on you if you lost your house before it was passed. The US Constitution prohibits ex post facto (after the fact) laws. It means laws can only apply going forward but not in retrospect. It might seem unfair given your situation, but this also protects you from facing consequences for doing something that was legal at the time and later became illegal.
Economic Crisis, Bailouts, Foreclosures & Banks Pt 2 of 2
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60 Minutes – Barney Frank (December 14, 2008) $17.95 Airdate 12/14/08 Fiery, feisty, tenacious, and smart, longtime liberal Massachusetts congressman Barney Frank battles it out with Lesley Stahl on economic bailout issues — from defaulting loans to the failing auto industry. The democratic chair of the House Financial Services Committee also talks about his long career in Congress and how it was affected by his coming out as a gay man 30 years … |
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NIGHTLINE: A Town Drowning in Foreclosures: 11/11/08 $14.95 In this report, we go to Mountain House, California, a town where roughly 90 percent of the residents are drowning as home prices continue to plunge.It’s a stunning statistic that gives the town the distinction of having the highest concentration of underwater mortgages in the country. Will the government come to its rescue? It’s an installment of our series ”Realty Check.”Other reports included… |
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Bailout! $0.99 … |
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HONK If I’m Paying Your Mortgage – Magnet Bailout bumper sticker decal $4.49 … |
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The Prince: Economic Crisis Solutions for President Obama $11.99 A timely tour de force on the range of current American challenges that outlines answers for us all. In the tradition of Machiavell, the economic crisis and new government programs are explained in clear terms. For each challenge, a creative solution is explored and consequences are outlined. Topics addressed include: The Economic Crisis, Government borrowing, Delayed generation to generation doub… |
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The Worried Citizen’s Little Survival Guide to the Greatest Financial Crisis of the Century (Understanding and Surviving the Domino Depression) $3.99 Are you mad as hell? At last, Stephen Windwalker provides the concise tell-it-like-it-is narrative for which we have all been waiting: How did we get here, how much worse is it going to get, and what can we do to protect ourselves, our families, and our future? The time for seeing the world through a rose-colored lens is long over. Simple truths that run deep through Windwalker’s writing come dire… |
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Creating Wealth With Jason Hartman Book Three Shows 41 – 60 $14.99 Wall Street thinks we’re subversive and even dangerous. Dangerous to their schemes, maybe. The dirty truth about income property is that it actually works in real life. Stocks? Bonds? Mutual funds? Are you kidding? How many people do you know (not including insiders) who created wealth that way? Such options are for those who only want to pretend they’re getting ahead. Would you like to peek behi… |
