Upcoming Foreclosures

I have many delinquent credit cards, and 5 foreclosures, but I own a house free and clear?

Is the house I own free and clear at risk? The foreclosures sheriff sales started in June. I do intend to pay all the credit cards back, I like others hit a bad spot in real estate and it just killed everything. I'm not trying to avoid paying at all, I considered bankruptcy, but I'd rather just pay it back instead. I appreciate the answers. I read credit cards are an un-secured debt, so basically I didn't agree to put my house up when I signed for the credit card, so it's not at risk. Can anyone confirm or deny that? Maybe this question should have been posted in the legal area.

Public Comments

1. Congratulations.
2. Any assets you have are at risk, if someone gets a judgement against you.
3. I'm no expert but it sounds like your house could be at risk if just one party decides to come after you. Maybe you should check with a credit counselor or an attorney to find out where the law stands on the issue.
4. It depends on the law where you live. In some states, yes, it is an asset they can go after to make good on your unfilled promises to repay. In some states, no, your primary residence is protected (but assets in it may not be, if you have a fancy TV or nice car, for example). If it is NOT your primary residence, I don't think it's protected in any state; it would then be an investment which could be seized. I would strongly suggest calling the companies to see what you can work out with them, before they get ideas on their own about how to squeeze what you owe out of you. They are better than owing money to the Mafia -- at least no broken kneecaps to make their point, or getting rid of you as a message to other debtors to pay up while they can -- but they do have legal abilities to get what you promised you'd pay, that may not be very comfortable for you either.
5. Yes, they can come after your house. I would file bankruptcy, unless you see being able to pay off these items in the next 6mo.