Mortgage Forum

Mike

Ok, My husband was unemployed for 6 months. We obviously became deliquent and the bank started forclosure. Their solution was for us to pay $6000 a month to catch up which we couldn't do. (The arm was resetting to $5700 also and we didn't know how we'd pay that anyway) So the bank said they would aution our house on 2/27. My husband had to get a job in England and I was feeling unsettled and scared in the house not knowing when the sheriff would come, so we found a place to rent and I moved out April 1...The bank has moved the auction date 5 times since then and now says it will sell May 1st. The problem is the house is old and falling apart. No furnace, plumbing problems, weeds now a foot tall...but I can't figure out what I do now. We have a 2nd so I'm not sure if the bank will take a deed in lieu. I talked to a really grumpy bankruptcy attorney and he said don't file until someone serves you. I'm just totally confused about what's going to happen to me. Someone said on another forum that I wouldn't be forgiven the debt even if I file bankruptcy. So does that mean I'll be trying to pay back the bank forever? I thought if you can't pay they take your house, your credit is shot but you move on. Does anybody have any advice or even a word of encouragement?