Debt Relief | Faith and Finance

TYT Plays Hate-Voicemails From TYT Answering Machine!; How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?

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Video Rating: 4 / 5

Question by Nina T: How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
My husband deserted me and my daughter and his name is still on the contract. He gives me no $ $ support. I gross only $ 2300/mo. A mortgage broker told me my debt to income ratio is too high to get a loan and that my credit score, 545 is too low. They want $ 180/k for the house and they want me to pay the property taxes, $ 2700 and since my husband left me with the financial burden and I don’t have his whereabouts. I hate this bind I am in, can anyone give me some advice? My payment is $ 1000/mo and I am living on paycheck advances to buy food because of the high house payments which are not being credited to anything, really…The mortgage holders are lawyers and are having the payments taken out of my paycheck through a collection company and aren’t even having the payments reported to the credit bureau to help improve my credit score? I need a quick solution since my husband has been gone for 7 months now. Help?????

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New Laws For California Realtors and Real Estate Investors; Looking for reputable debt relief/loan consolidation program?

New Laws For California Realtors and Real Estate Investors With the housing market taking center stage among the nation’s concerns, both Congress and California’s State Legislature have enacted significant new laws affecting REALTORS and Real Estate investors. EMERGENCY ECONOMIC STABILIZATION ACT (0 Billion Bail Out) Hope For Homeworker portal.hud.gov This bill also extends the tax exemption for debt forgiveness on home loans under the Mortgage Forgiveness Debt Relief Act of 2007 from December 31, 2009 to December 31, 2012. _Source:_H.R. 1424[4]. DRE LICENSE NUMBER MUST BE ON FIRST-CONTACT MATERIALS: Effective July 1, 2009, California’s real estate agents must disclose their Department of Real Estate (DRE) license numbers on all solicitation materials intended to be the first point of contact with consumers. DEBT RELIEF INCOME EXEMPT FROM STATE INCOME TAX: Starting September 25, 2008, the federal income tax exemption for debt forgiven on a home loan now applies to state income taxes to a limited extent. Federal law provides a tax exemption for debt forgiveness on a loan incurred for acquiring, constructing, or substantially improving a principal residence up to million if the debt is discharged from 2007 through 2012. Under the new California law, the maximum qualifying debt is only 0000, not million, and the maximum exclusion is 0000. Moreover, the California law only applies to a debt discharged in 2007 or 2008. Senate Bill 1055. DRE CAN DISCIPLINE …
Video Rating: 4 / 5

Question by sgersch26: Looking for reputable debt relief/loan consolidation program?
I’m in big time debt and just can’t keep up with the bills anymore. I need to get some options. There are so many scams and rip offs out there that I’m not sure what to do.

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Answer by Bedford S
You need to go to consumer credit counseling service. They are non profit and will work with creditors to reduce payments and interest rates. Check your yellow pages for nearest one to you. They are nationwide.

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Faith and Finance

TYT Plays Hate-Voicemails From TYT Answering Machine!; How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?

New Laws For California Realtors and Real Estate Investors; Looking for reputable debt relief/loan consolidation program?

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