Legal Question in Real Estate Law in Florida

should I go for a foreclousre? I have two mort. 1st is 92,500 an 2nd is 52,000, house value at 80,000 with needs of 10,000 in repairs. I do not qualifily for bankrupt chp 7 - I live pay to pay - not enough $ to cover everything - driving old car and living on tight budget, please help. Thank you


Asked on 2/24/11, 4:01 pm

1 Answer from Attorneys
John Harmon The Law Office of John W. Harmon

Depends... If you do not have enough money to pay your bills, you do not have enough money to pay your bills. If you do not qualify for a chapter 7, you may qualify for a chapter 13. A chapter 13 allows you to pay a % of the debt owed. But if you can not afford the house, you can not afford the house.

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Answered on 2/24/11, 4:12 pm


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