I can’t afford my house and I haven’t been living it in for awhile. I have been trying to short sell it but now the mortgage company has started foreclosure proceedings. Is it better to file bankruptcy or just let it go to foreclosure?
When is a good time to file for Bankruptcy? before or after foreclosure?
I received a letter in the mail from an attorney. My lender wants to start the foreclosure proceedings. At the moment, I am 11 months behind on my mortgage. I want to dump the house as I owe 20% more than it is worth. What happens if I file for bankruptcy right away? Does that cover the foreclosure too?? Or would the bank come after me after it sells my condo for the difference? I have a lot of credit card debt n auto loans that I want to get rid off in bankruptcy as well. I’ve been
I live in illinois
When is a good time to file for Bankruptcy? before or after foreclosure?
I received a letter in the mail from an attorney. My lender wants to start the foreclosure proceedings. At the moment, I am 8 months behind on my mortgage. I want to dump the house as I owe 20% more than it is worth. What happens if I file for bankruptcy right away? Does that cover the foreclosure too?? Or would the bank come after me after it sells my condo for the difference?
I live in Illinois
If I file Bankruptcy Pro SE to stop a foreclosure can I then hire an attorney to complete the process later on! I just want to stop foreclosure proceedings and recieve a stay and then hire an attrorney to finish the process
Our loan was in a "modification" with the mortgage company and we were late on the payments. We sold one of our trucks on Friday for 00.00 to pay the 2 months behind and today we got the letter in mail saying they were continuing foreclosure proceedings.
We called and they said we don’t make enough, but we do so they are working on something, but I have a bad feeling that they are stalling. I want to sell the house, but my boyfriend does not want to. Our home is worth more than we refinanced for, but will be hard to sell quickly. Our credit is terrible and our score is very low. What about filing for bankruptcy or trying to sell fast..before foreclosure starts again?
I don’t think we can do much to get out of the mess we’re in.
(we missed the payments because a/c broke..we live in florida and have new baby so we had to buy window units.)
Bank has started foreclosure proceedings.