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bankruptcy: Hello Out There... - 06/13/08 11:12 PM
Long time no see. I have been cooped up in the hospital for almost 2 weeks now. I have relapsed with a rare condition called TTP (Thrombotic Thrombocytopenia Purpura). It is a rare condition where my platelets can drop lower than normal for any unknown reason. No cause and technically no cure for it. Different treatment methods work on different people. I have been thinking a lot since I have been here and really a LOT!! I am thinking about just starting all over with everything all over again in my life. I know most of you don't know what's going … (2 comments)

bankruptcy: Short Sale VS. Foreclosure - 05/11/08 05:32 PM
Okay, I am doing this from a loan officer's point of view and of what I have seen how it is reported to credit reports.
When someone has a short sale (sells it for less than the balance owed, that the lender accepted) it reports to the credit report as a 120 day late AUTOMATICALLY and it will say account settled for less than balance owed.
When a foreclosure is reported, it says either foreclosure, 120 days late, 150 days late or ALL of the above.
There is no difference in "saving someone's credit" when it comes to either doing a … (5 comments)

bankruptcy: When You Feel You Need To File.... - 04/20/08 07:48 PM
I know this isn't really a time where we need to be thinking about these things, but it is something to consider for everyone....
If you are in a situation where you need to file for a bankruptcy then you need to know the rules so you can better equip yourself for your situation. We all get into trouble from time to time and sometimes it is necessary to file for Bankruptcy do that we can get a fresh start. It is important to know that the courts now want you to go through credit counseling and debt management before you file … (0 comments)

 

Jennifer Butz

Lilburn, GA

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