I sign for my brother to buy a house, now he ruine my credit. how can I get out without sellig the house?
445350
I agree, get an attorney. You also might want to talk to your brother about refinancing and getting rid of your name.
1033138
The multiple ownership makes it complicated. If your brother pledged his quarter of the property as collateral for the debt, then they may "own" one quarter of the property. \n\nThis is too serious to rely on Yahoo for answers. You need to talk to an attorney with Real Estate expertise.
851181
banks are not the place to go to if you have bad credit; you'll need to talk to a broker or retailer in the area of financing you desire.\n\nWhat do you want?  A house, a car, a loan, a student loan?  Etc....\n\nThere are varing degrees of bad credit.  The easiest to do is talk to a mortgage broker, as their credit terms will be most generous (to buy a house).  Do this even if you don't want a house, as you'll get an honest assesment of your credit this way.\n\nIf they can't help you, you need to talk to a credit counseler to rebuild.  You'll need to wait a couple years for results.
589284
Worry not my friend you aren't responsible for it.  Legally "they" can't put debts on your unless your signature is present.\n\nRival
484349
If your husband has a steady job and your previous credit is fairly good, then you might want to try one of the credit companies like Capitol One for instance or HBC.  The interest rates are huge but they can usually find a way to put all the different debts together and spread it out over 25 more years to keep the payments low.  This was an option I took a a number of years ago during a renovation that went bad. Hopefully you can sell the house when completed if the amount you sell the house for is more than the debt and start fresh, getting rid of the high interest debt. It sucks to sell what you have worked so hard for but it is just a house.  The credit companies will sometimes let you pay the total debt without penalty if you sell the home and then you haven't paid much high interest anyways.  I understand the devastation and hopelessness of being in what seems to feel like an out of control situation.  You have to believe that life can get better just as quick as it went wrong.  If your only option is bankruptcy, so be it,  do what you have to do to make a stable home for your kids.  Just take control of the situation, get a few opinions and start sleeping again.  Banks run like sissies when you need help yet they are the first in line to bankrupt you in the first place.  There are reputable companies around to help people like yourselves in this tight spot.
951854
You entered into a binding contract. The only way you can get out is to negotiate a settlement of some sort (i.e. pay half).
1056913
You can easily terminate the agreement.  Check your contract for your liability for any expenses though.  But, after a week, the realtor probably hasn't done much more than put a sign in your yard and listed it in the MLS.  Hopefully he's not a short-sighted realtor, shouln't charge you a dime especially because your circumstances have changed.  Now, if you were switching to another realtor........that's a whole 'nother story.
362912
How bad is your credit, I'm located in south st paul and I work with 115 banks.  I also have a credit repair person who doesn't charge you up front.  He gets your credit good enought to buy a house and when you buy the house he takes his cut out of the closeing costs.\n\nGive me a call and I can see what I can do.\n\nJon Strusz\njstrusz@fivestarmortgageinc.com\n1-800-467-6344\nDesk #651-209-8493
1157674
Contact all credit companies NOW. Tell them you Will not guarantee any additional purchases and you want the account closed. Follow up with a written letter. Keep a log of everyone you call with time and date.  Request a copy of his loan balance and the agreement you signed.   You need to establish a "cut off" point so if the credit companies continue to extend credit it will be at their own risk not yours.\n\nNext ask the "dead beat" if he has anything to sell you to pay off his debt. (Get anything you can. Something is better than nothing.) make a list of what you get and how much it is worth. Send that amount into the credit companies directly. Don't give the money to the "dead beat".  Ask for a lien on his car. Tell him that will help you get a loan if needed to pay off his debt.\n\nNow it's 10 days later. Ask the "dead beat" how much he can pay each month towards the debt. Don't put him into a situation he can't live with it will just be a bigger problem.  Now call the credit companies ask ask for a reduction in interest rate and a payment schedule that you can afford.\n\nNow comes the time to KICK yourself in the butt for doing a "verbal" agreement and letting it go this far.
325234
The creditor will come after the co-signer because both parties are equally liable for all of the debt.  If you co-signed, you can (1) pay it, (2) file BK yourself, or (3) live with it on your credit report as an open collection item, or as a write off.\n\nYou can also try to negotiate a settlement for less than the amount owed, but that's still doing the first option.
1032223
It's a "Quit Claim" and it's a type of deed.  By signing a quit claim deed you are transferring ownership of the property to your boyfriend.  I strongly recommend that you NOT do this without speaking with a real estate attorney and making yourself completely aware of what can happen.  \n\nAnd by the way, your boyfriend does not need to be listed as an owner of your property in order to be a co-signor on your loan.  Find yourself a new mortgage advisor.  A good start is speaking with a loan officer at the bank where you do most of your banking.
998439
There are several issues here.     Let's start with the appraisal.  Appraisers are regulated and appraisals are valid if performed in complaince by a licensed real estate appraiser.  If your buyers are getting financed on the purchase, an appraisal will, in all probability, be required.  If they are not financing it, no appraisal will be required so you may never know the home's real value.\n\nThe fact that your sister's home may be valued higher than yours would not be unusual if her home is bigger, in better condition, or just not comparable to yours.  Just because a house is next door doesn't mean the values will be the same.  There are a lot of things that factor into value. \n\nNext, if you signed an agreement to sell the home for $200,000,\nyou have entered into a contract to sell at that price.  it may, and I stress MAY, be too late to change that now.  The may comes in because the Realtor must disclose that the buyer is a licensed Realtor.  If he did not do so in writing on the sales agreement, you may have a case to void the contract.\n\nFinally, that Realtor has absolutely no business bringing in anyone to move you or tell you what can be moved.  He has no rights to enter your property at all without your permission until such time as the buyer's loan documents and your deed awarding them the title to the property have been signed and recorded.  Until that day, the home is yours and yours alone.\n\nAt best, what has occured here is an example of horrible communications.  At worst, you're being swindled and taken advantage of. \n\nYou say you cannot afford a lawyer.  I say you cannot afford not to consult one.  You can pay the lawyer's fee from the proceeds of the sale. \n\nAt least make an effort to protect yourself.  Call legal aid, call  your pastor, call an advocacy group for people with your disability.  Help is out there, please go get it.\n\nI'll pray for you.
705829
This unfortunately is just life. Do not loan anyone money or housing or food or anything else that you can't afford to lose, because you will be disappointed this way. Next time you get into a deal like this, have the other party sign an agreement (at least you will have it in writing). That won't get you paid, but it will make it easier to pursue should you choose. You will find that it is best to avoid these situations entirely. \nNow, that said, you could send him a bill (do this on your computer - make it neat, and then print him a copy). Mail it to him and be specific what the charges are for (dates of the stay, etc). Give him a phone number to call to discuss it. Mail by registered mail requiring an acceptance signature. If he does not respond by phone, send another letter the next month (same rules). He may just get tired of it and pay up. If he doesn't pay up, you will have a little documentation to rest charges on. I don't know how much we are talking about here, but it may be better to just chalk it up to experience, and be smarter next time. I have had to do that a few times as lessons learned. Good luck with your problem - hey, at least you don't still have the moocher living with you.
473062
In Arkansas (where I live) it won't increase your taxes but make sure you really want your brother on your deed.  Do you realize that his creditors can attach half your property that is in his name and do you realize that he must sign if you want to sell your property?  What if you have a falling out...
771762
A foreclosure (which will happen if you stop making payments) can be much more damaging to your credit than a BK...so it's better if you can avoid that route.\nSelling it on your own is not always the best decision. Many homes need the exposure that the local MLS provides and there are creative, industrious agents out there that may be able to help you. For example - what about renting it out? Or finding a tenant on a lease to own situation?\nJust because you don't plan on buying another home for years down the line is no reason to be so blase about your credit. Bad credit can affect your employment, and everyday purchases ranging from cell phone plans to utilities. You'll be paying more on these things because you have a bad credit history - and why fall deeper into that pit if you have alternatives? Find a couple of agents, interview them and pick one who can help you out of your predicament.
460037
It's so easy to actually answer this question, but it's a different story when you are actually living it.  This is probably the same answer as living with someone with any type of addiction...drugs, alcohol, gambling, s@x, etc.  It's a sickness.  The first question would be, does this person recognize their problem?  Is some sort of intervention needed?  You obviously love this person, so walking out is probably your last resort.  If this person doesn't recognize their problem...then it's time to start thinking about walking out, this could be your intervention.  However, this person has to clean up for themselves.  Not for you, not for their parents, workers, etc.  They have recognize their problem and want to fix it. That's when your support is most crucial. I don't think it's a win-win situation when someone is stopping thier ways for someone else. They have to stop because they want to.  Part of that equation is seeing what they have done to others.  At the sametime, from this point on, you should be protecting yourselves.  That means your bank accounts and anything else that he has access to.  I'm not sure what state you live in, but certain states have laws that can help protect you.  You can put a block (freeze) on your credit files.  This will enable you to have some sort of control over your credit.  Also, contact the various credit agencies....Equifax, Experian, and TransUnion.  See what options you have to protect your credit from being used.  You don't want this person opening accounts in your name.  Of course, getting a free credit report from all of the above will show you who has accessed your file recently.  Additionally, I would give your state Consumer Protection Section a call, to see what else you can do.  You're in a tough situation.  You have to protect yourself and be there for support at the sametime.  I wish you the best of luck!
1146737
Well unfortunately credit isn't easy to obtain when you've messed up your credit record. I should know, I also got into a mess.\n\nIn the UK it takes 6 years for the credit reference agencies to 'forget' about your past. Up until then, you are pretty well stuffed unless you can lay your hands on some cash.\n\nTIP1:\nChange your name. This is complex and you need a new address to move to under your new name otherwise the credit agencies will tie you together if you stay at the same address. It's also very longwinded and possibly illegal. Personally I would not recommend this as you could get in trouble.\n\nTIP2:\nIf you are a homeowner, you can get a nice new homeowner loan from many places. Just be sure to keep up your repayments or you might find yourself in a big mess.\n\nTIP3 (This is genious here):\nIf you have £1150 you are sorted.\nGoto your local bank and open a savings account. Put in £1000 and then ask to see the manager about a SHORT-TERM loan. They will refuse until you agree that they can freeze your savings account for security. This means you cannot access your savings. When you are asked why you need the loan, Tell them it is for "Credit repair/Building". This is genuinely recognised reason which they will loan money for.\n\nOnce this is done, take the loaned £1000 and repeat the process another 4 times with different banks. When you leave bank #5, return to the 1st bank with #5's money and pay them off (AND the small amount of interest owing - hence why you need £1150). Take your savings back out and go pay back Bank #2. Take your savings from #2, Repay #3 and so on.\n\nOnce you have repaid bank #5 you have 5 very good, clean positive points on your credit reference score from 5 banks. Suddenly you will find that credit is available to you from practically anywhere and many bank managers will be only too happy to help.\n\nTIP 3 sounds rather longwinded and far fetched, but infact does apparently work very successfully. It is used by people ranging from 1st time property developers to people looking for short term loans. The only snag is you do need just over £1000 to start with - Not easy if you don't have it.\n\nGood luck whatever you decide..