Newsgroups: alt.real-estate
Subject: Re: Resume Mortgage Payments
From: "anon" 
Date: Mon, 19 Jan 2004 15:40:39 GMT


On 19-Jan-2004, "Brett Weiss"  wrote:

>   I asked the bank about this and they knew
> > nothing about this program and didn't sound like they were going to
> > look into it.  Any advice much appreciated, thanks in advance.
>
> If other options fail, one choice may be to file for a Chapter 13
> bankruptcy. This will stop any foreclosure and give you up to 5 years to
> catch up the missed payments.
>
> I have written a Bankruptcy FAQ which should answer many of your questions
> about what is involved--it may be found at
> http://users.erols.com/lawyer/FAQ/br_faq.htm.

Just keep in mind Attorneys are collection agents as well. Spammer Brett
fails to mention he's probably involved in collections as well. Everything
they do is THEIR own best interests. Many people who go bankrupt complain
they are still harassed by collection agents. The best thing you can do is
not pay until you can work out a deal with the creditor. If you simply don't
pay, you can write a letter to stop the calls, force the creditor to
validate the debt, dispute the derogatory with the credit reporting
agencies. And even make a deal with the creditor if ever you have the money
to pay. If you do nothing the derogatory will be removed in 7 years anyway
(yes there is a Jubilee Year Brett). With bankruptcy you are at the mercy of
the Judge, it shows for ten years and it will ALWAYS be on your public
record. Chap. 13 Bankruptcy is good for keeping your home, that's true, IF
you can pay. In the long run you'll be sorry because you'll have your home
but you'll be locked into paying ALL your creditors or lose everything once
more. The way to use Bankruptcy to keep you in your home is to file then
rescind, file then rescind over and over.

Before you mess yourself up for life so some sleezy attorney can make a few
hundred bucks off you go to
http://consumers.creditnet.com/straighttalk/board/index.php?s=  and ask some
others about it who've successfully repaired their credit without the use of
attorneys or bankruptcy.