Comments on: How To Save A Home From Foreclosure

By: Jacob

Jacob — Tue, 03 Nov 2009 14:21:15 +0000

Good tips. It’s important to make all the moves to save a home from foreclosure. Nowadays, too many houses are falling into this situation, making homeowners homeless!

By: STEVEN F

STEVEN F — Sun, 25 Oct 2009 12:44:59 +0000

There are companies that will pay a lump sum now for ALL future proceeds from structured settlements. I am not aware of any that will do a partial buyout. As the first answer suggested, depending on HOW the settlement is set up, you may or may not be able to access it. If you can, providing housing IS for the child's benefit and would probably pass any legal hurdles. If the settlement is being processed by a 3rd party of any sort, they would be the first place to ask for more information.
References :

By: tkahrs12122

tkahrs12122 — Sun, 25 Oct 2009 12:42:59 +0000

If the settlement is in a trust you need to get the trustee’s permission.
You may even need a family court judge to approve it. The money is meant for your son not you so be very careful and seek legal advise. The paperwork covering the rules and guidelines of the settlement should explain under what circumstances the money may be used.
Otherwise it is not supposed to be touched til the child is 21.
References :

By: irene_diaz2002

irene_diaz2002 — Sun, 25 Oct 2009 07:40:19 +0000

My 10 yr old son has a structure settlement. Need to save my home from foreclosure. Can Icash a partial of it?
I just need 5k to save my home from foreclosure. Can I cash a partial of my son’s structure settlement. This was given yo him due to a dog bite case. Does anyone have any idea where I can get this question answer or get info on this?