mandy asked:


My friend foreclosed his primary home. He lived there for 2 years.
He also had a second home which he has owned for last 5 years. He had rented out his second home for last 2 years and now he moved to his second home. so technically has has stayed in his second house for 3 years in last five years. Would this be counted as his primary residence now, once he is living there for the Mortgage Forgiveness Debt Relief Act of 2007.

I assume the first house also qualified for Mortgage Forgiveness Debt Relief Act of 2007.

Angel

mindlesshead asked:


lets say i owe $15k and im payin $600 per month. i want to cut down on the payments and give them just something nominal like $200 every month instead. this way i can save $5k at the end of the year and offer it up as a pay off. sounds logical? i really dont want to go to a debt relief attorney and or file bankruptcy

Allison

Slal asked:


Are you going to spend it on new purchases or debt relief? Are the new purchases going to be U.S. made products?

Ronnie

Mike, Kate, and baby Piper asked:


hi i live in Wisconsin and they have a debt relief law called chapter 128, has anyone done this? how did it affect your ability to buy a house, car, etc…? what did it do to your credit? can you file this without a lawyer? is it really as great as it sounds and if not what are ALL the drawbacks? thanks

Edward

take a bow asked:


No home to use for equity, denied for personal loans and additional credit cards everywhere, cannot work at this time due to illness, debt relief companies do not deal with payday loans, help?

Diane

Stressed out asked:


I See going through all the questions and answers of short sales and see that everyone keeps saying that they will have to pay back (1099) the remainder of the balance, well my question is then what is the Mortgage Forgiveness Debt Relief Act of 2007?

Mortgage workouts, Now tax-free for many homeowners: Claim relief on newly-revised IRS forms??

Can anyone tell me what that is? isnt that where they will forgive that taxable income now?

at least that is what I am being told.

http://www.irs.gov/irs/article/0,,id=179073,00.html
See I asked this question cause I am one of these people facing this problem, me and my husband can no longer make our payments on our 2nd, this is the first month we could not pay and I would like to do a short sale and get out.
What a stressful time and I know I am not alone and this SUCKS

Bryan

i.will.survive. asked:


Im a 21 year old individual who is swimming in debt. I heard about federal and state grants offered to individuals who need assistance. Although i have found the site grants.gov, I cannot seem to find information on grants offered for debt relief for individuals in my circumstances. I am looking to get out of all my debt that i cannot seem to repay. because i just want to go back to college. Any help on this would be great. Are there any free legitimate sites out there that can help you find debt relief grants ?
moon bunny, id like to ask you a question about the government loan.. is that something that can be used for education tuition and partially used for decreasing credit card debt? How should i go about this? Thanks

Carlos

Pete M asked:


I have a judgement against me and they are threatening to take my property that is paid for ( cars and motorcycle ) can I make payments on this debt or be a part of a debt relief group that makes the deal with the creditor. I just don’t want to sell what I have and I wish to get them off my back. Missouri resident.

Angel

D.Chen asked:


That’s it…if i don’t get this out of me i’m going to explode. And my apologies to all other users who this message does not apply to - just give me a pass on this one will you?

WHY ARE THERE SO MANY USELESS ANSWERS?

USELESS - as in “While your asking a legitimate question, let me just butt in and answer you with a sentance that has absolutely nothing to do with your question - go me!! Your stupid you ______(fill in the blank)”

[I exclude funny answers....but then again not many answers have enough Wit to be considered as such.]

You know a few weeks ago i was listening to the radio about poverty and debt relief - person calls in and starts talking about Jesus…and more Jesus…and more Jesus…

Couple days ago a US diplomat talking said “our thoughts and prayers go out to the Burmese monks” only to get a phone call from an Atheist about how its illogical to pray..

Both respondents of course, backed away from offering up comment/solution to the actual question
being asked. “Oh, its not my place to say.” “Oh, i certinaly do not have a solution to what’s going on in Burma - i didn’t know you meant to say “Thoughts and Prayers” as a turn of Phrase.”

WHAT THE @#$*&@#$@?
Frankly - regardless of the differences of both people’s perspectives, their attitudes/demeanor are the same.

“I’m a Talking Head - here let me talk about the only way i know how to engage reality.”

Is it so hard really, just to answer someone else’s question without drifting off into an aside?
LOL - Another talking head….
Princess - everyones got a right to an opinion. (and no your not ticking me off..)

But come on people - man/woman walks into the forum with a legitimate question (not one of those confrontational ones - those folks are asking for a fight)..

If you have something of worth to say - fine. If not, your just wating breathe.

Randy

I.D.K. asked:


is your bulk folder flooded with credit card debt consolidators???

i had 54 debt relief ads just this morning
—d_h : i don’t even have credit cards LMAO !!!!

Pamela