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Asked 02/13/2008 05:12 am CT (Rochester, NY)

If my husband files bankruptcy (chapter 13 or 11) what will happen to my half of the equity in the house? I am not on the mortgage, but my name is on the title/deed. Will the bank take control of my portion of the equity?

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Jen, you will need to consult with an attorney on this, as there are many different scenarios that c...

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Asked 02/04/2008 06:35 pm CT (Waterford, MI)

My wife has filed Chapter 7 Bankruptcy and it will be discharged on Feb 11, 2008. The Sherrifs Sale is on Feb 12, both of our names are on the house and deed. We have someone who is interested in doing a short sale, but because my soon to be ex wife filed Chapter 7, an attorney said she can't sign over anything, not even a quick claim deed to me so I can sell the property. Neither of us can afford the property and neither of us live there. What can we do?

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Asked 01/31/2008 10:49 am CT (Rock City Falls, NY)

why do i have to wait 1 year after my chapter 13 discard to apply to refinancemy mortgage? My current rate is 9% and i really need to get it lower.Is there anyone that can help me?

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Actually you may not have to! If you qualify for FHA you may be able to get a 30 year fixed rate tha...

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Asked 01/22/2008 05:10 pm CT (cambridge city, IN)

Hello. My situation is this. We have been trying to sell a house for 3 and a half years almost. It does need a little work but it's priced reasonably at 58,000. We went ahead and built a brand new home because we could afford two house payments. We are thinking of filing bankruptcy to get out from under that house because we don't see any other way. Our market is extremely terrible here where we live. Houses are sitting for years. If we were to file a chapter 13 bankruptcy how much of the 60,000 that we owe on that house would we have to pay back? Also would filing bankruptcy affect the new house? Would they be able to mess up our loan on the new house or take it away from us? Thank you for your information. Ray

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Asked 12/04/2007 09:53 pm CT (Columbus, OH)

What happenif my ex husband file bankruptcy chapter13 and later on he stop it because he got really sick and is unable to work and his ex wife is the one living at the house that was in chapter 13 and she didnt want to get out of the house and she didnt want to let my ex husband sell the house... Is there any way to push her to be out of the house and let my sick husband honor the mortgage selling this house? My husband is really sick and desperate. If the ex wife gets a loan by herself in an attempt to keep the house, should be that house under my husbands name?Please help!

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Asked 12/02/2007 12:21 am CT (LITHONIA, GA)

11/18/2007] MY CREDIT SCORES ARE 595, 547, AND 554. I FILED FOR CHAPTER 7 IN JAN OF 07. I HAVE A DEFAULT STUDENT LOAN (CURRENTLY PAYING A YEAR AND A HALF WITH A GARNISHMENT OF $450 A MONTH)AND $850 ( I DON\\\'T KNOW IF PAYING IT WILL HELP AT THIS POINT) WORTH OF STATE TAXES SINCE 1998. I MAKE ABOUT 47,000 A YEAR. CAN I GET A MORTGAGE LOAN.(FIXED RATE WITH LOW INTEREST NO MONEY DOWN) [PFP, LITHONIA GA]

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Asked 11/18/2007 06:36 pm CT (LITHONIA, GA)

MY CREDIT SCORES ARE 595, 547, AND 554. I FILED FOR CHAPTER 7 IN JAN OF 07. I HAVE A DEFAULT STUDENT LOAN (CURRENTLY PAYING A YEAR AND A HALF WITH A GARNISHMENT OF $450 A MONTH)AND $850 ( I DON\\\'T KNOW IF PAYING IT WILL HELP AT THIS POINT) WORTH OF STATE TAXES SINCE 1998. I MAKE ABOUT 47,000 A YEAR. CAN I GET A MORTGAGE LOAN.(FIXED RATE WITH LOW INTEREST NO MONEY DOWN)

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Asked 11/06/2007 03:21 pm CT (Bath, PA)

My husband and I are in a ARM and our rate has gone up to 10.5 and our mortgage payment has gone up $350. It is getting very hard to keep making our payments and we would like to refinance into a fixed loan. The problem is that we are in a chapter 13 bankruptcy for 3yrs. We are almost done with it we only have 4 more payments then we need to wait for the discharge paper. From what I hear it can take up to 6 months to get that. So that means we have another 10 months till we get the discharge paper. Is ther anyway to refinance now without a bankruptcy buyout>?

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Call me. I am 20 mins away from you. I would like to see if we can help. 484-358-2378 or email a...

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Asked 10/30/2007 11:11 pm CT (portland, OR)

OKAY. I AM IN A VERY DARK CORNER. I HAVE TO REFINANCE A JUMBO 95% LTV, LOW FICO MORTGAGE, WITH CASH OUT (ATTORNEY, ATTORNEY, MEDIATOR ON PERSONAL PAYROLL), I HAVE A 1/60 ON 1ST FROM 1.07 AND A DISCHARGED CHAPTER 7 FROM '04. MODERATE INCOME @ 80K. WILL TAKE ALMOST ANY OFFER. ANY SUGGESTIONS?

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Asked 10/03/2007 02:03 pm CT (san jose, CA)

Me and my husband filed chapter 7 bankruptcy 8 years ago it will not come off our credit report until Nov '09, our credit scores are 730 and 731. Our there any good loans for 1st time home buyers.

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Hi Patricia - Our office is just up the 880 in Castro Valley - We have both real estate services and...

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Asked 09/20/2007 05:55 am CT (Milwaukee, WI)

How does a chapter 13 affect refinancing an ARM?

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There are some great new programs that are designed to help you get out of your ARM. YOU may qualify...

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Asked 09/14/2007 12:01 pm CT (trotwood, OH)

i am on a fixed income but own my home. i have a lot credit card debt and want to file chapter 7 or 13. but i spoke with someone and they said they could take my home should i deed the house to my brother in order to file and keep my hosue.

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Asked 05/10/2007 07:08 am CT (richmond, VA)

I PURCHASED A MANUFACTURED HOME IN 2004 AND FILED CHAPTER 13 BANKRUPTCY IN 2005- MY CURRENT ESTIMATED VALUE ON THE HOME IS ABOUT 135.000. I OWE APPROIATEMAILEY 89,000 I WANT TO REFIANCE OR GET EQUITY ON THE HOME IS THIS POSSIBLE?

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Asked 04/04/2007 06:14 pm CT (Rochester, NY)

I have a primary mortgage with Citifinancial. They are willing to take the house back as a deed in lue of foreclosure. I have a second mortgage with HFC - Express Equity Loan. What happens to the 2nd mortgage? I filed chapter 7 bankruptcy in Sept. 2005 and it was discharged in December 2005. The house was fully "encumbered" as a result.

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Not sure what you mean by "encumbered"? I would highly reommend speaking with an experienced real e...

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Asked 03/25/2007 05:03 am CT (Atlanta, GA)

*Working with lender since 1/25/07 on a refi. Was told that loan looks good and shouldnt be a problem. *3/5/07 Day prior to foreclosure sale on 3/6/07. Lender tells me taht the bank will not be able to provide any closing date or contract yet that my loan is still processing. But should be ready to in 2 -3 days. *Lender then advised I must file Chapter 13 and I can do it myself. *Chapter 13 filed on 3/6/07 which was completed the morning of the sale at 10:40 am. Prior notification was provided to the Foreclosure attorney of my lender by my closing attorney. Lender was also aware that we had been working on lending solution to pay off loan. *Foreclosure sale was completed at 10:20 am 20 minutes prior to the Chapter 13 being recorded. *Now have bankcruptcy attorney who has talked to Fannie Mae attorney since they purchsed home at sale and nothing has been recorded regarding the foreclosure. They have agreed that if we can provide pay off they will not record the foreclosure and we can keep the house. *Am talking with private investors which seems like the worst possible option but the only option we have to "save" our house. Everyone wants this and that of my equity. Finally - my question - ????????????? IS THERE ANY WAY TO KEEP MY NAME ON TITLE IF I CAN FIND AN INVESTOR/LENDER? OR AM I JUST STUCK WITH A LEASE PURCHASE AND MUST GIVE UP MY HOME OWNERSHIP AND EQUITY UNTIL I CAN REFINANCE????????? **the ability to pay off home is contiguent upon judge allow the house to be dismissed from the court with a pay off which with the cash out we will be able to eliminate the other debt and not have to continue with Chapter 13. Thanks in advance. Sorry for the long message. Just Hopeful That I Don't Have To Move and Keep My Home!!!

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Asked 03/22/2007 09:46 am CT (Roseville, MI)

My husband is recently deceased. He had no estate. Two years before he died he refinanced the house. I did not want to refinance. He refinance in his name. My name is not on the mortgage note. I did sign an insurance rider. I am not exactly sure what that was. I could not make the house payments so I let the house go into foreclosure. I had just received a hardship discharge for Chapter 13 and I was not old enough for wiows benefits. I decided that foreclosure was my only option. I will be moving in about six weeks. The mortgage company is demanding that I purchase a years worth of hazard insurance on the home or they will purchase it themselves. My redemption period is up June 13th. I really can't afford this purchase of insurance. Am I responsble for the insurance just because my name is on the deed? They are getting he house and I can't really pay for 1/3 of a years payment towards property insurance as I am trying to get money together to move somewhere else. I don't know what to do because they are sayin that if they buy insurance it will be 1,700. 00 with premiums of 225.00. Can they really charge that to me or do they charge it to the estate when there isn't an estate? Thanks so much, in your attempts to help me....Sandy

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The Morgage instrument requires the mortgagee to keep insurance on the property. You are not the mo...

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Asked 03/20/2007 04:48 pm CT (hyattsville, MD)

my name was on half my moms house 8 years ago i had finacal proplems and was not able to keep up my share of the payments she got a lawyer and she had my name taken of deed 2 years after that i filed chapter 11 since then my credit is real good i have had my job for 5 years and me and wifes annual income is 48 000 i have 25 000 cash and i want to borrow 100 000 i am 55 years old do you think i am going to have proplems getting a morgage

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In regards to your credit, your credit report may be messy and inaccurate, if so, this nonprofit com...

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Asked 12/26/2006 12:39 pm CT (Columbia, IL)

Just finished getting out of chapter 13 plan..Considering selling house..Will I be able to get another loan, let's say with 35,000 down, with yearly income of 25,000..And if so with no bills being due, how much loan may I obtained?

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Hi James, We have programs that offer loans to borrowers with just one day out of bankruptcy. That...

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Asked 10/16/2006 01:00 pm CT (Baltimore, MD)

We have been in our home for a little over 11 years and will for the first time be a few days late on our payment. Is it true that a mortgage company can foreclose on a mortgage if you are 3 times late? We are also in a Chapter 13 bankruptcy that will be finished in February 07 - we are paying our creditors $600 a month. Will this hurt us to be late four days? Thank you!

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Several different issues at work here. First, you're in Ch13 Bankruptcy, so it's important to pay o...

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Asked 09/10/2006 05:50 pm CT (Bridge City, LA)

I am presenty in a chapter 13 and am trying to find someone to refiance my home, so that I can get the much needed repairs since hurricane katina.

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Wanda, Since you are in a Nationally dedicated dissaster area your situation is a little tougher ...

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