What should I do if I put up my house to buy a business that failed?

The bank now owns my house because I used it to buy a business that is going downhill, I have paid off some of the debt, but any REAL tips someone can give me please!! I need financial help here....

If the bank has already foreclosed on your home you are out of luck, and need to hope they were able to clear the note. Otherwise you are still liable for any deficiency.

Lesson learned: NEVER use your home as security on something so risky as opening a business.

OOPS. Depends if the amount you financed exceeds the price of the house or not. If the amount is less than or equivalent, you just have the mortgage payments on your hands. If the house is not worth enough for the bank to re-coup its money, you may have to consult a bankruptcy attorney. (They don't necessarily suggest bankruptcy, but they are the ones who can help you.) Good luck.

pray

I hope you know a good attorney. Try legal aid if you can't afford one. Maybe you can still salvage something.

You made a classic error of tying up your personal assets with your business. You should have sought the advice of an accountant to ensure that if your business goes under you DON'T lose your house.

The only thing I can think of to get a chunk some of money is to become a ginney pig for a research clinic its fast and its easy.

PPD, or CDRA are the only ones I know are places that are looking for people to help them in there clinical research

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