I have an FHA loan and it is about to be foreclosed upon. Can they take my pension or any assets I have?
Also am I going to be responsible for the shortfall if there is one?
I was diagnosed with a auto immune disease that has kept me out of work for 5 months this year so therefore the bills and I mean ALL bills we have have not been paid. We are behind on everything.
Tags: About, assets, Foreclosed, Loan, pension, take, they, upon
2011/11/04 at 21:35:07
Your home is the collateral for the MORTGAGE… not the contents.
However, the credit card companies (assuming they exist and aren’t getting paid) can lay claim to the things you bought on credit.
Unfortunately, you’ve ended up in a bad way.
Get REAL legal advice on bankrupcy options before you end up homeless.