Use your house and get a home equity loan to pay off your debt.  Is that
possible?  Seems an easy solution.
Greg
47/35
............................................................................
................................................................
http://www.homestead.com/mercercountyyoungonsetpd/yoppers.html

-----Original Message-----
From: Ivan M Suzman <[log in to unmask]>
To: [log in to unmask] <[log in to unmask]>
Date: Monday, November 22, 1999 12:51 AM
Subject: Re: overtired PWP needs encouragement/facts


>Hi,
>Mortgage is all paid off.
>Resident and owner since 1985 in this house.
>1997-8 taxes , interest and fees due:$1451 . Tax lien by City scheduled
>to foreclose Dec, 17, 1999.
>1998-9 taxes  $2300 (approx.) LIened this past June, scheduled to
>foreclose in Dec, 2000.
>1999-0 taxes  $2,300  (approx.) First 50% overdue since September.
>The 97-98 taxes each year are due in September (50%), and in the
>following March (50%),
>and must be paid by June to avoid lien..  Liens foreclose 18 months
>later.
>
>Sewer bypass fees approx 150/yr.  Lien for $150 scheduled to foreclose in
>February, 2000.
>City has just proposed, if I agree to their conditions, to stop all sewer
> bypass
>charges beginning with 1997. THese are callled "Portland Availability" on
>the Water District bills.
>
>A City Councillor called me today (Kane) and is talking of  a
>deal.(reduction).
>
>The Maine Human Rights Commission vote on Dec. 13th, IF
>it indicates discrimination or illegal statements by the City lawyers,
>may force a much better deal .
>
>No savings, Just monthly checking account.
>Medicaid caps income/mo at approx. $708 max.
>Income is SSDI $687/mo x 12 =  $8300/yr (approx).
>
>Ivan
>:-)
>
>On Sun, 21 Nov 1999 21:14:43 EST Paul Lauer <[log in to unmask]> writes:
>>Ivan or anyone: I don't quite understand what action is taking place.
>>I'm not
>>an attorney but I understand a little about mortgagees and taxes and
>>their
>>delinquencies and consequences thereof. Mortgages get foreclosed. But
>>lenders
>>hold mortgages, not cities, so if the city is involved in the action
>>it seems
>>to me it can't be a foreclosure. Cities are involved in taxes. As best
>>I
>>know, cities create liens when taxes are unpaid and then sell the
>>liens at
>>public auctions to private individuals who then become (in effect)
>>lenders
>>and are entitled to foreclose and take the property if the lien debt
>>is not
>>paid. Neither of these two scenarios occur overnight. How long has
>>this been
>>going on. If the debt is a tax lien, is the city foreclosing. For what
>>years
>>are the taxes delinquent and how much each year. Also, even after a
>>foreclosure or a tax lien sale, the debtor still has a period of time
>>subsequent (usually 30 days) to redeem, meaning he/she can still pay
>>off the
>>debt and not lose the property. think those of us with even some
>>little
>>knowledge could give better advice if the story came through a little
>>clearer
>>with more facts and less emotion (sorry Ivan - but facts help
>>understanding
>>more)
>>
>>Paul H. Lauer
>
>^^^^^^  WARM GREETINGS  FROM  ^^^^^^^^^^^^  :-)
> Ivan Suzman        49/39/36       [log in to unmask]   :-)
> Portland, Maine    land of lighthouses           deg. F   :-)
>********************************************************************
>