I just learned friday that we were approved for the HAMP program. my original monthly mortgage was 2300.00 per month and taxes and home insurance were not included. the lender
based on my earnings (they excluded the business earnings because we are closing the
business) and now have said that the total monthly mortgage would now include the
mortgage,property tax and homeowners insurance to 3104.00 per month. My take home
pay is about 1800 every two weeks, my husband SSecurity is 1312 and 312.00 for a smallpension
...but i have all the other debt that is about 1000 per mo in credit cards, 800 to irs
on past 941 and personal plus a car payment of 721.00............hence, i can see a
short sale in our future.
question: we don't qualify for a BK together however, can one of us, my husband
can he declare bankruptcy and file for his share of credit card debt
. the car is in both our
names...we have 2 other cars that are paid off.