Tuesday, January 11, 2011

An Epiphany!

I had one early this morning while laying in my bed starring at the TV half assed watching the news.  This has put me in a better mood, for now anyways.  Let me begin on how all this started.  Yesterday I was messing around on the computer at work trying to kill time.  I think I looked up about everything I could think of.  When it hit me 15 minutes till I got off.  I should check my credit report.  Why would I do this you ask?  Good question.  Because of this whole debt settlement thing we have been doing over the past 3 years, I figured I would just see what it looked like.  HA, fucking nothing.  Everything that we owe on is in the hubby's name.  I dont have shit on my credit.  So I went home and told the hubby and that was that.  This morning it came to me.  I have NOTHING on my credit!  No home loan, no credit cards, NOTHING.  The house is in his name which means if it forecloses it's not on me.  It means that if we have to file for bankruptcy, that I dont because I have NOTHING.  It means that technically I could qualify as a first time home buyer and get an actual 30 year fixed loan on some really cheap houses at the moment.  So first things first.  I have to find out if he can file bankruptcy without dragging me into it.  So I go next door, (another law firm)  that does primarily only that these days.  I ask the gal that I know and she says no, I dont have to be involved if everything is in his name.  So then I start searching for info on home loans.  I can probably qualify for an FHA loan with 3 percent down and my credit doesn't have to be perfect.  HHHMMM, my only problem is that I have no credit so that could be a hurdle.  But really this might actually work in our favor.  I will have to dig into it more but it gives me hope and that's better then being depressed.  We'll see what happens, but I figure now is the time to start.  Before the foreclosure finishes, cause I know the bank is going to tell us to fuck off during this mediation. 

No comments:

Post a Comment