7 posts shown.
Michael Martinez97 said:Dammit, I just realized the forum doesn't care about capitalization.
Mamke is already taken.
Can we switch it to Mamke87 instead?
Sorry for the extra post.
Thanks.
Technically you can, but since everyone only gets one correction, wouldn't it be better to come up with something without a number? It'd look cleaner and help you stand out from the crowd of people using names like mamke32 or mamke53. :)
Michael Martinez97 said:Could we just say Mamke?
It’s way easier to say, and honestly, that's what everyone actually calls me anyway.
Thanks
Nancy Cook65 said:If a court order has been issued in the foreclosure case mandating an appraisal, then yes, you have to let them in.
When you owe someone money, it has to be recovered from your real estate or personal property unless you can propose a different settlement. I am fairly certain that the furniture and appliances inside the home are worth at least $2333, so those could be sold to cover the debt..
Benjamin Taylor6 said:Quincy:I know that story all too well—believe me, I’ve seen it happen more times than I care to count. Take my friend, for instance.Honestly, forget everything that was just said about him—it’s all nonsense.
I can't quite make heads or tails of what you're trying to get at here—it’s just a single word, really. If there was a point you were trying to drive home or a specific grievance you wanted to air, you’ll have to actually lay it out for me first. I'm sitting here ready to engage, but I can't exactly debate a vacuum. Benjamin Taylor6 says:
Can anyone actually shed some light on what happens when a debtor hits rock bottom—I mean absolute zero? We're talking about someone who has absolutely nothing left to settle a debt. No income, no house, no car... just nothing. What’s the actual play there?
How exactly does one even begin to resolve a mess like this? It’s never straightforward—it’s always some convoluted, multi-layered headache that leaves you spinning. You think there’s a clear path forward, then suddenly you're staring at more red tape and bureaucratic nonsense than a DMV waiting room in the middle of July. Honestly, I’ve seen similar situations play out before—reminds me of that time back in Chicago when everything just hit a wall because nobody could agree on the simplest details—and it usually ends up being a long, drawn-out process of trial and error. There's rarely a "quick fix" when things get this tangled.
In that scenario, honestly, it’s the creditors who end up with the real headache—not the debtors. It’s a frustrating cycle, really. They just sit there, playing this endless waiting game, just biding their time until they have a court order in hand. They’re basically lurking in the shadows, waiting for the second a debtor gets any kind of windfall—be it a paycheck, a pension payout, or even an inheritance—so they can swoop in and seize it all. It’s a constant state of limbo. 😢😲
That’s why anyone carrying a balance—or frankly, anyone dealing with debt at all—has to be incredibly sharp and constantly on their toes. You can't just coast through this; you have to stay one step ahead of the game if you don't want to get blindsided. It requires a certain level of mental agility—and let's face it, a healthy dose of paranoia—to navigate the whole mess without losing your shirt.
And who exactly is responsible for racking up this debt? Usually, they just garnish the person's wages—or their Social Security checks, in this case—which is a much smoother ride for the creditors. It’s way less of a headache for them than chasing someone down. As far as I understand, they can only go after real estate if the debtor actually holds the deed to the house. Otherwise, what's the point?
Look, I know how this works—statutes of limitations don't just happen overnight or easily. Banks have legions of lawyers who aren't exactly easy to outmaneuver.
Quincy:It's always an option—in fact, banks often prefer it.
Can I actually negotiate a settlement with the bank if the primary borrower stops paying?
Quincy:You need to be extremely careful!
Since the borrower moved—she didn't tell the bank, so all the notices are going to her old address (though I've been calling her every time a notice arrives, and she talks to them promising to pay) 🙂—and she's currently living with her parents and has two minor kids, can they try to collect from her parents? Or maybe put a lien on some real estate she’s set to inherit (which she'll have to split with her sister—I'm just trying to prevent a situation where her parents transfer property to her son when he turns eighteen; he's about ten right now, I think)?
Her parents own an apartment in Chicago and a house in Florida, and they run a rental business with that Chicago place (I actually have confirmation from the building management that they've been renting it out since 2009). As for her, I suspect she might be working under the table and perhaps even collecting some sort of social assistance since she's divorced.
Also, do you have any general advice on what I should do if she just refuses to keep up with the loan payments?
Is there any way to prove all this in court? And if there is, where can I go to get official documentation or verification regarding everything I know?
On top of all this, I started my own small business back in late 2007 and took out a loan for a car in August 2007 that doesn't expire until July 2014. Could they potentially garnish my car or my business assets too?
🙂 Desperate New York City 😠
If your friend stops paying and she has zero income or assets, you are the first target. They go after the person first, then the property.