Try to make this short and to the point(s).
When I joined this forum, I had asked about what I could do about the house I sort of inherited. My mother had cancer, passed away last fall, didn't leave a will and I wasn't working. Because of the economy, I'm way upside down on the home, not to mention all sorts of creditors are calling me. I'm also facing having the power and gas shut off, and am behind on water, each account in the thousdands.
In the last few days ALOT has changed. For starters, I found a job. I had placed an ad in craigslist for a mechanic to help me fix my truck so I could find work. When he came over to take a look at the truck we got to talking, he does the mechanic work as a side job, but for his main income he owns and opperates a car repossesion company. I started working for him today.
While waiting for him to pick me up to go do some repo's this morning, I had two ladies that represent a local group of churches come over and discuss the repossesion of the home that I'm going through. Thier advice is to show up at the coming court date with all the paperwork that my mother had recieved from the mortgage company. While the house is NOT in my name, they feel that I can still work something out with the mortgage co. The paper work they gave me shows that in my town alone (small suburb on the near west side of chicago) there's 3000 homes in reposession and another 2000 homes for sale. The market is DEAD.
What to do now. I'm getting ALOT of folks telling me that I can save the house. But I'm leary. I know it eventually has to go through probate, and as a lawyer told me, going through probate costs money. And I would still somehow need to satisfy all my mother's creditors some how if the building isn't sold.
With all the advice I'm getting, my head is spinning. I don't know what I should do. Should I fight for the house or not? Should I go to the court date or not? Should I just do as planned and move out...
Confused,
Jax
When I joined this forum, I had asked about what I could do about the house I sort of inherited. My mother had cancer, passed away last fall, didn't leave a will and I wasn't working. Because of the economy, I'm way upside down on the home, not to mention all sorts of creditors are calling me. I'm also facing having the power and gas shut off, and am behind on water, each account in the thousdands.
In the last few days ALOT has changed. For starters, I found a job. I had placed an ad in craigslist for a mechanic to help me fix my truck so I could find work. When he came over to take a look at the truck we got to talking, he does the mechanic work as a side job, but for his main income he owns and opperates a car repossesion company. I started working for him today.
While waiting for him to pick me up to go do some repo's this morning, I had two ladies that represent a local group of churches come over and discuss the repossesion of the home that I'm going through. Thier advice is to show up at the coming court date with all the paperwork that my mother had recieved from the mortgage company. While the house is NOT in my name, they feel that I can still work something out with the mortgage co. The paper work they gave me shows that in my town alone (small suburb on the near west side of chicago) there's 3000 homes in reposession and another 2000 homes for sale. The market is DEAD.
What to do now. I'm getting ALOT of folks telling me that I can save the house. But I'm leary. I know it eventually has to go through probate, and as a lawyer told me, going through probate costs money. And I would still somehow need to satisfy all my mother's creditors some how if the building isn't sold.
With all the advice I'm getting, my head is spinning. I don't know what I should do. Should I fight for the house or not? Should I go to the court date or not? Should I just do as planned and move out...
Confused,
Jax