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It was just a suggestion. The important thing is to try and stop the foreclosure. Maybe it would just be better to file for bankryptcy. Greg 47/35 ............................................................................ ................................................................ http://www.homestead.com/mercercountyyoungonsetpd/yoppers.html -----Original Message----- From: P&B Fahr <[log in to unmask]> To: [log in to unmask] <[log in to unmask]> Date: Monday, November 22, 1999 7:49 AM Subject: Re: overtired PWP needs encouragement/facts >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 :-) >>******************************************************* >************* >> >