mu house is forclosing . sale date is May 1st do i file chap

claudiaygonzalez · Joined: 20 Apr 2008 Posts: 1 1.34 Dollars($)

i have tried a repayment plan as well as a loan modification. My lender has never contacted me back . i have callled many many times asking status. I've been told it takes up to 2 weeks to get approved it has been over 5 mos now and the last time i called I asked to speak to a supervisor at that time i was told a modification was not approved. i have submitted my fiancials to them since trying to resolve my problem but it doesnt seem as if my lenders are willing to work with me.

sara · Posted: Mon Apr 21, 2008 10:14 am Post subject: RE: house foreclosing asap

Hi claudiaygonzalez,

Welcome to the forums.

I'll suggest that you try to file Chapter 13 instead of Chapter 7 and of course prior to foreclosure. This is because depending upon the state laws you may lose your home if it's chapter 7 that you're filing. But you'll have to find it as to whether you are eligible to file for chapter 13 or 7 . Talk to a bankruptcy attorney asap.

Just in case you'd like to check out how chapter 13 can be helpful in avoiding foreclosure , please refer to the information on this topic.

By the way, which is your state of residence?

Take Care

adonis · Posted: Tue Apr 22, 2008 4:00 am Post subject:

Don't you have any insurance coverage or PMI with which you can pay back the loan? if it's not available then you should talk to a bankruptcy attorney asap and see if you qualify to file chapter 13.

Know about How Chapter 13 works before you approach the attorney.

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