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almam95
Joined: 06 Jan 2009
Posts: 2
1.75 Dollars($)
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Post subject: Foreclosure or BK |
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Don't do either one! Go to "www.homeforeclosureintervention.com" and save your home! You are in charge and you can help yourself!
[Link deactivated and promotional text deleted as per forum rules. Thanks.] |
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aeger31958@aol.com
Guest
0.10 Dollars($)
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Post subject: i have progressive desase and i filed bk in june of 2005 |
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| HOW LONG CAN I DO ANOTHER BK NOT THAT I WANT TO.MY HOUSE IS IN FORECLOSIER AND 14000 CREDIT CARD DEBT AND HAVE 2 MOR ON A LEASED CAR.MY CONDITION IS WORSENING AND STREE HURT ME |
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jameshogg
Joined: 20 Dec 2005
Posts: 5203
Location: nevada
651.69 Dollars($)
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Post subject: |
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Hi ae,
As far as I know, the time limit between chapter 7 filings is 8 years from the time of discharge whereas the time limit for filing a Chapter 13 bankruptcy after a chapter 7 discharge is 4 years.
Thanks |
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lala
Guest
0.10 Dollars($)
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Post subject: surrending your house |
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| how does it affect ur credit if you surrender your house to the bank after filing for chapter 13 |
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jameshogg
Joined: 20 Dec 2005
Posts: 5203
Location: nevada
651.69 Dollars($)
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Post subject: |
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| You mean you're trying to do a deed in lieu? Well, it will reduce your credit score by almost 250 points. But let me know your situation in details. Are you finding it difficult paying under Chapter 13 plan? |
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wild billl
Guest
0.10 Dollars($)
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Post subject: bankruptcy |
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| I just gotout of chapter 13 bk two weeks ago. In the meantime i have been laid off and can't afford mortage payments. How long before i coiuld file another chapter 13. : |
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adonis
Joined: 22 Oct 2005
Posts: 4789
Location: ALASKA
265.12 Dollars($)
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Post subject: |
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Hi bill,
As far as I know, you cannot file chapter 13 before 7 years. As you cannot make the mortgage payments, you should better contact the lender and check out if he can offer you some other options.
_________________
Procrastination is the enemy of your financial success |
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anonymous ME
Guest
0.10 Dollars($)
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Post subject: i AM DIVORCING MY HUSBAND BUT... |
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| HE WANTS ME TO FALL INTO BANKRUPTCY BECAUSE, WE HAVE A HOME TOGETHER, AND MY NAME IS ON THE HOME TITLE. hE IS TRYING TO DO IT BEFORE THE DIVORCE IS FINAL. HE SAID THAT BECAUSE, HE HAS TO PAY ME CHILD SUPPORT. THAT i AM GOING TO GO DOWN WITH HIM TOO IN BANKRUPTCY. i HAVE NOT LIVED IN THAT HOME SINCE I FILLED FOR DIVORCE IN NOV.1 2009. RIGHT NOW HE THINKIING OF NOT PAYING FOR HIS CREDIT CARDS AND GOING FOR FORECLOSER ON THE HOUSE. MY QUESTION IS AM I ALSO GOING TO SINK INTO BANKRUPTCY WITH HIM OR WHAT? |
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hardship2
Guest
0.10 Dollars($)
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Post subject: 2 mortgage |
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my husband and i owed 55thousand of credit card. our job right cut our overtime. we live with our overtime, we lose 2thousands of overtime. we have a rental home but our renters always late and i am afraid one of them
got layoff. we also behind two months of our mortgage. now can i file bankruptcy 7 if you two houses? or should i go chapter 13. i dont know what
to do. i want to keep my 2 homes. what should i do? |
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concern
Guest
0.10 Dollars($)
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Post subject: divorce |
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to anonymous,
yes you will sink also. im sorry to say but anything joint account both
of you will go down. that takes 10 years til it will clear your credit report. but
if you both have kids together then most likely you will get the house because
you need the house for the kids. the judge will likely give you the house. eventhough you are not living in the house since you left you are still responsible to pay also. and you will look good to the judge. the credit
card will we cant do anytthing if will file sometimes but definitely you will
sink too but the good thing is you will get the house that a good thing. also,
you left with your kids? i hope you did otherwise you will look bad to the
judge. he will say you ABANDONED your family. so go back home and get
some help see a lawyer. you pay 100 dollars for an hr counseling and when you see one make sure you have all the questions you need, write
them down so you wont forget. better move girl. |
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hearts
Guest
0.10 Dollars($)
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Post subject: Paying mortgage while in a chptr 13 |
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Good afternoon, I wanted to understand how this process works. we are $20k in arrears right now and we are seeing an attorney on Thursday to determine if we would qualify for a 13. My confusion comes in as to as you mentioned above, we would have 3-5 years to pay back creditors, does this include the lender? are they included in the BK and we pay our regular payment to them plus the payment to the trustee? Or is our payment included with the 13 and we pay everything through the trustee?
Thanks. |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1861
Location: New Brunswick, New Jersey
353.11 Dollars($)
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Post subject: |
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Hi hearts,
In Chapter 13 bankruptcy, you are not required to sell off your assets for debt payoff. You will have to make payments under the supervision of the court. This will help you in retaining the property and also paying off your mortgage dues according to the new repayment plan given by the lender.
To know more about Chapter 13 bankruptcy, check out the following page:
http://www.mortgagefit.com/bankruptcy/chapter13.html
Take care. |
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yolandahoward
Joined: 07 Mar 2009
Posts: 3
2.47 Dollars($)
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Post subject: No foreclosure on credit report, but on Ch 7 bk papers. |
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| When can I get a home loan if I have a discharged 7-2007 chapter 7 bk ( on my credit report) and a foreclosure on my bk papers ( foreclosure not on credit report because I was only on title and not on loan)? I'm considering FHA but don't know my waiting period ( 2 or 3 years?) |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1849
Location: MICHIGAN
283.84 Dollars($)
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Post subject: |
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Hi yolandahoward,
You can get an FHA loan 2 years after getting discharged of the bankruptcy. However, for conventional loans the waiting period is 4 years after discharge.
Feel free to ask further queries.
Thanks,
Jerry |
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Rhona fischer
Guest
0.10 Dollars($)
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Post subject: 2nd Mortgage |
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We took a 2nd mortgage back in about 2004 our monthly payments were about $250.00, 2nd mortgage was bought out by another company and now our payments are like $559.00 a month, which we cannot aford, how can the payments change and go up so high? It was tight with $250.00 but $559.00 is unreal, since we signed a contract should we not stay at the $250.00 amount? I do not understand how this could happen?
Thank you. |
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