Repossession Houses

I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper, and now on autotrader with no luck so far. I have a new car myself that I am also paying on. I don’t need two cars and I can’t afford to keep paying for two vehicles. How will a voluntary repossession affect my credit since I am paying for another vehicle? Will it repair itself as long as I am paying on another car? I know that the bank will auction the car. If I pay the deficiency, will the repossession still go on my credit? I have very good credit and I really don’t want to ruin it, which is why I’ve paid on the car for this long. I am in the market to buy a house. Will a repossession affect my getting a home loan?

My husband and I live in a crap, crap, crap, did I mention crap mobile home. Well, now we need to buy a house becuase our place is falling apart and I hate that my son has to grow up in such a POS. Anyway, we still owe on this place but KNOW that no one will pay a penny for this place. So, I’m wondering if my husband agreed to a voluntary repossession and we got the mortgage in my name how bad would that hurt us?

this is a tricky 1 , i bought a house 10 yrs ago and let it go to voluntary repossession, it sold , i buried my head in the sand moved on married and got a mortgage with my husband , now the trustee in ancruptcy has put a charge on our home and are trying to reposess , they say they want my share of equity in the house which totals approx 15,000 , how does my husband raise the money when there is a charge on the house , does this affect his credit rating , would a judge really repossess even though they want 15 grand my home is valued at 100 grand , it goes to court very soon , i am ill with worry