Legal Question in Credit and Debt Law in Indiana

I'm about to lose my house.

I have bad credit and have fallen behind on my mortgage. The finance company wants it all or they are going to take my home.I don't have it.I've tried refinacing with no success.What should I do?Sell?How much time do I have?Are there any government agencies I can contact?I make $45,000 a year but with three kids and a wife at home I'm in over my head.


Asked on 1/21/01, 8:11 pm

1 Answer from Attorneys
Mary Ann Wunder Wunder & Wunder

Re: I'm about to lose my house.

A call to the local HUD office may result in referral to a local agency that can assist you financially. You might also want to discuss your financial situation with a consumer credit counseling agency for assistance. A final option is to discuss a Chapter 13 Bankruptcy with your attorney. In all cases you will have to restructure your expenses to be able to live within your income while devoting some income toward retirement of old debt without incurring new debt.

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Answered on 2/14/01, 3:06 pm


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