Compare Mortgage Quotes

hferia · Joined: 26 Aug 2009 Posts: 1 1.54 Dollars($)

I'll be filing Chapt. 7 BK next month and I'm going to include my house since I can't afford it anymore. How long can I stay in the house after the BK? I made my last mortgage payment in July 2009. My lender is Countrywide and I'm in California. Thanks.

jameshogg · Posted: Thu Aug 27, 2009 1:33 am Post subject:

Hi hferia,

If you reaffirm the mortgage and pay the mortgage dues after Chapter 7 is discharged, then the lender won't ask you to move out of the property. However, if you do not reaffirm the mortgage, then you'll have to surrender the property to the lender once your bankruptcy is discharged and leave the property.

Thanks

harrywallace07 · Joined: 25 Aug 2009 Posts: 42 -0.10 Dollars($)

It depends. If the house is surrendered and the mortgage debt discharged, you may be required to move out fairly soon

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

How long can I stay in the house after Chapt. 7BK?

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1