check out http://www.savemyhomenv.com today!
97% Success Rate in saving your home. Whether you need a mortgage, second mortgage, or a loan modificaiton to stop foreclosure -- Foreclosure Alternative will take care of all your needs.
Foreclosure Alternative offers money back guaranteed loan modification assistance to all of our clients in writing. We are attorney affiliated and our main goal is to truthfully inform each potential client about their options and what they can expect from a loan modification. We also assist in short sales, deed in lieu and credit repair as additional services.
If your assets are to high because of the trailer do you have kids, relatives, or someone you could sell it to cheaply and later be able to buy it back from for the same price? It would have to be someone you could trust completely. That way you could lose the asset and be able to fit the income and asset guidelines.
(MEDICAID INFO BELOW)
Some of the nevada medicaid eligibility requirements are below.
Adults Income cannot exceed 133% of FPL. Resources cannot exceed $2,000.
Aged or physically disabled individuals who require medical facility care, but can appropriately be cared for at home, and aged individuals who have been residing in nursing facilities who can be appropriately cared for in adult group care facilities (Home and Community-Based Waivers)
Income cannot exceed 300% of the SSI payment level.
Medicare Beneficiaries Program
Income cannot exceed 100% of FPL.
Qualified Individuals (QI-1) Income cannot exceed 200% of FPL. ($29,140)
For QMBs, Medicaid pays Medicare premiums, coinsurance and deductibles on Medicare covered services.
Qualified Medicare Beneficiaries (QMBs) are Medicare recipients with income at or below 100% of the federal poverty level.( FPL ) for 2 people it is $14,570
BELOW is the real site to look at. it has EVERYTHING about medicaid there. You would still be well served by your doctors billing people. They know the forms and can help you with it. If it turns out you have to sell the trailer, it is cheap to keep your home.
Since you are almost certainly low income and have few assets would you qualify for medicaid?. No, not medicare, medicaid. It is basically free healthcare for the low income person. To find out go to the state of Nevada, Dept of Human Services and ask about this. You are also likely to find your medical professionals (doctors secretary) more than willing and able to help you find out of this is possible. There will be income and asset guidelines. You might have to sell the trailer but would be able to keep one vehicle, (maybe 2, not sure). This might be your best bet.
The other option is to talk to your lender and explain you are having a hardship. They may be willing to modify your loan in a way that will allow you to say in your house. I would seriously consider BOTH approaches. You may find that both things work to help you. Maybe neither will. But you must try. You have nothing to lose but everything (including a house) to gain by the effort. Please do not let your pride get in the way. Your post shows you are in a place pride can not afford.
Talk to your doctors billing office and ask about this medicaid possibility. They should be able to help you with the paperwork. Up here I know the hospital can and does it often. It sounds like you are very likely to qualify and definitely need the help.
One other possibility exists. Is your husband a veteran? If so call up the Veterans Administration Hospital near you. Below is the website that shows V.A. hospitals and clinics in Nevada. If he is a vet find the location nearest you and give them a call. They may offer completely free medical care also.
If I can answer any real estate related questions, please do not hesitate to contact me.
Christianne Gordon, CDPE, e-PRO
RE/MAX Realty Affiliates
Have you requested mediation towards your loan http://chancegates.com/2009/09/23/assembly-bill-149-mandatin ? That is if you want to keep the house.
Reno NV 89509
First Weber Group
Certified Distressed Property Expert\
I have heard some say that they can come after you personally because when you purchase a home with a mortgage, besides for signing on the mortgage (which sets the house as collateral for the money owed), you also signed what is called a "note". The "note" is a document that makes you personally liable to repay the loan-whether the bank gets their money back through repossessing the home or not.
Most attorneys have told me that if the banks take the home back through bankrupcy (the Chancery division of court) they are relinquishing their right to come after you personally.
Any personal property will remain yours. There is no way for the bank to come after your personal property. As I Realtor I cannot give legal advice but I am quite certain you will be ok.
Judging from what you have stated, it sounds like you have a genuine hardship (Medical condition) so your best bet may be to rather short sale your property. This would be way better on your credit score and would also let you remain in your home longer until the home sells.
Try to find an experienced short sale agent in your area to assess your situation. Try to avoid forclosure if you can.
Hope this helps.
In general, you personal property should be safe in the event of a foreclosures. That is simply my opinion. You should check with an attorney for the factual answer to your question. You should also check with a Realtor for possible alternative to foreclosure.
Best wishes to you in your difficult situation.
Just remember you are not the only one in this situation, so a lot of landlords are excepting people with bad credit.
It appears to me, that unless the trailer and pickup truck were part of the loan, the only collateral the bank has to repossess, is the collateral they signed on for... the house.
the trailer and pickup "should" be safe... but please check with a real estate attorney to be sure.