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Greg, How is Ivan going to pay off a home equity loan (and interest) with a total income of $687 per month? ----- Original Message ----- From: Greg Sterling <[log in to unmask]> To: <[log in to unmask]> Sent: Sunday, November 21, 1999 11:43 PM Subject: Re: overtired PWP needs encouragement/facts 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/yopper s.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 :-) >******************************************************* ************* >