Do not let Road Home take your money
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Do you have any questions? Feel free to leave your contact information and we’ll be sure to reach out to you so we can help you figure out what your next move might be. Elements to consider: Why is the Road Home program suing? What happens if this is ignored? Is defaulting and declaring bankruptcy the right choice?
Why is the Road Home program suing me?
The contract that every Road Home participant signed has numerous different requirements on how the money provided is used. The Road Home program likely believes that you misused those funds, and therefore is trying to take them back. However, what they define as ‘misuse’ can be anything but. They might try to say that waterproofing your home, rather than elevating it, is ‘misuse’ of the funds, even if you were never given enough to elevate your home.
What happens if I ignore this?
Being sued is not something you can ignore. From the moment you were served by the sheriff, you are on a timer to respond. If you do not respond or find representation within 15 days of being served, your case will go into default. This means that you automatically lose. You would owe both every dollar Road Home is trying to get from you and all of their legal fees. If you owe this money, they will try to collect, whether that means placing a lien on your house, garnishing your wages, or repossessing your belongings.
Should I default and declare bankruptcy?
Bankruptcy is not a bad thing. In some situations, it is a powerful tool for eliminating debt. However, it is an option of last resort. Rather than defaulting and allowing Road Home to take your money, it would be better to fight them and avoid bankruptcy entirely. By fighting, you could avoid the difficulties and costs associated with bankruptcy, and never incur the debt in the first place. Do not be convinced that you can’t win this. You can fight, and you can win.