Do I need a consumer lawyer?

Date: Thu, 10/07/2010 - 11:30

Submitted by anonymous
on Thu, 10/07/2010 - 11:30

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I lived in a Texas house that had mold problems and caused health problems for my family. We walked away from it due to health concerns but we did try to do a deed in lieu of return of the house. The mortgage co. said it had to be at least 50k to be considered for this program. One and a half years later I rx'd a letter from a debt collector for 34k. The original mortgage was about 33k. The only income we rx is from Veterns and Social security disability. What is our next course of action. I was told the debt collectors cannot garnish disability income. Would the debt coll. be more understanding if an attorney sent a letter explaining our situation. I currently reside in N.M. If so, could you rec. an attorney in N.M. familiar with Texas law?

WHAT'S the current status on the house? Has it been resold? I'

WHAT'S the current status on the house? Has it been resold? I'm not an attorney but to the best of my knowledge they cannot try to collect anymore from you than the difference of what the house sold for and the amount of your loan. Like if you had a $90,000 loan balance and they resold your house for $80,000, they could not try to collect more than $10,000 (the difference) from you.

It's been my experience that collections people overall, are minus, among other things, a heart. As such I doubt that they would be moved by your situation. They do take into consideration the likelihood that they could get blood out of your turnip, though.

To the best of my knowledge, Veterans Benefits and Social Security income is exempt from garnishment (there may be an exception to that if your debt is for your personal taxes owed to the government).

If you can afford to consult an attorney, even if just for peace of mind, I would do so because what I've said is conjecture whereas he/she will have something more solid for you. :rose:

lrhall41

Submitted by Gretchen VonDerhoff on Wed, 01/12/2011 - 15:40

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