Open Question: i am looking for a mortgage with a 5% deposit, i have bad credit and defaults, does anyone know any lenders?

he rarely wears a suit, actually havent seen him in one for the past decade. usually wears a sweater and blue jeans, and that old raggy hat.
took too many pay cuts to count.
donates over half of his salary to charity.
drives a Ford Expedition, nothing fancy.
lives in a house with a mortgage of maybe only $250,000
willing to block for his rb's.
plays for the love of the game.

who is this player?

Open Question: What is a black out dealing with income/finance or mortgages?

She says she gave her independent mortgage broker, a relative, proof of her income and its source. But loan documents show that her monthly income was reported to be $1,100, more than twice the real amount. A letter from the Social Security Administration served as backup documentation, but the amount of income had been (((blacked out))).

what does this mean????

Open Question: Should I file bankruptcy in my situation?

I make a good salary, but our home moretgage is too much for us to handle (it was a teaser rate and we are not even covering the interest). It is causing us not to have ANY money to do anything else. Considering I am the only one on the mortgage, would it be wise to go ahead and just file for bankruptcy and leave the home?

What happens to my other debts (credit cards, personal loans, rental property, etc)?????

Will it negatively affect my wife's credit profile?

Will I still be able to finance cars, future homes, etc?

How long does it remain on my report?