BestInMortgage.com Post Your Mortgage Question Find mortgage expert in your area
You are not logged in. Login here. Not a user? Sign Up
Email: Password:
 
Search by Mortgage Terms: Ask My Question


Search: "Chapter"

Pages:  1 
 
 2 
 
 3 
 
 
 

Asked 12/15/2009 04:16 pm CT (Apache Junction, AZ)

My husband lost his job 2 years ago due to an illness. He has been on SSI for 7 months now. Our current mortgage is in his name only (my name is on the deed but not the mortgage) and our lender refused any sort of restructuring of the loan. Because of our debts we had to file chapter 13. Prior to filing bankruptcy our lender offered a settlement of $80K less than we owe on the loan. Would we be able to finance with a new lender and if so would it be for the amt our current lender offered us as a buy out?

Keywords:
                    

You would have to ask your lender (current) if they will still do the settlement. If so then you cou...

[ Total Answers: 1 ]

 
 

Asked 10/12/2009 05:09 pm CT (Riverside, CA)

My husband and I are filing chapter 7 due to my prolonged unemployment, now he has lost his overtime and we are having trouble making the mortgage and the second, both with B of A. We are current, but are classified as imminent default as I pay later and later every month. Either food or mortgage.We owe $383.000 and it\'s only worth $138,000, we tried to refi and tried to get it modified. Both times we were told \"do not qualify\" Unemployment too much. We are seriously thinking about just letting it go , but we both have serious moral issues with not paying for where we live. What is your suggestion. My husband says just pay the first and leave the second, but won\'t they repo on that too?

Keywords:
              

If you are filing chapter 7 there is no need to pay for either mortgage this is what your attorney ...

[ Total Answers: 1 ]

 
 

Asked 09/25/2009 10:51 am CT (Olathe, KS)

My wife and i got a chapter 7 discharge . We reaffirmed the first mortgage but not the second one . the second one was a 125 % LTV . If we can't make the payments on the second one . will they foreclose on the house ? we owe 89000 on first and 34000 on the second and the house is worth around 105000 ? Would they pursue a foreclosre that they would most likely not gain anything back from ?

Keywords:
                    

 
 

Asked 09/18/2009 12:05 am CT (Los Angeles, CA)

I have filed chapter 7 and should receive a discharge soon. I included as surrender all three mortgages. My first mortgage lender has offered me a modification to sign now before the discharge, not reaffirmation just signing new modification. If the house was to foreclosure, there is not enough money to pay the second or third liens. Am I legally obligated to pay the first mortgage if I sign this modification and lets say the 2nd decides to foreclose would I have to pay any money to the first? I dont plan on paying the second or third mortgages.

Keywords:
                              

 
 

Asked 06/02/2009 11:05 am CT (Columbia, SC)

Hi! Mine and my husband's bankrumpcty has been discharges for almost a year( chapter 13). His credit score is 575 and mine is 566. We really would like to trade our double wide mobile home in for a new one. We do not have much money to put down on a new one but we can afford to make payments. Do you have any suggestions?

Keywords:
              

 
 

Asked 05/29/2009 06:17 am CT (Medford, MA)

I filed for chapter 7 August 2007 and dischaged on January 2008. I maintained my credit very well after the bankrabcy. My credit score from transunion is 732. Can get approved for a mortgage if I apply for it. Can you help me find a mortgage company that could approve a mortgage for me?

Keywords:
                      

 
 

Asked 05/13/2009 12:01 am CT (Modesto, CA)

im two years in a chapter 13 bankrupcy i have one year to go i want to buy a house california morg is trying to get me approved. but every lender is turning me down i missed a payment about 15 months ago. so i have 15 months of clean payment history.my credit score is about 640 is it possible to get a lender to take me.i make about 54000 a year

Keywords:
                    

On a FHA loan the requirement is at least 12 months of current payments to the trustee. you would ha...

[ Total Answers: 1 ]

 
 

Asked 04/03/2009 09:39 am CT (Chicago, IL)

Hi, I have filed chapter 7 bankruptcy on 2003. My credit score is 610. My question is if I put down 25% down, will I be able to get a mortgage and I am a first time home buyer.

Keywords:
                      

 
 

Asked 02/18/2009 12:06 am CT (Chattanooga, TN)

I may have the worst credit in the world can anyone help us my credit score is low its 495 my wife score is 575 we live in a manufactured home worth $89000 we owe $61000 we are in chapter 13 have 16 months left can anyone help us we would like to refinance and get life back on track can anyone will anyone help.

Keywords:
              

p.s. - Pay down credit card balances and dispute erroneous negative items on your report. Try http:...

[ Total Answers: 3 ]

 
 

Asked 02/18/2009 12:00 am CT (Chattanooga, TN)

I may have the worst credit in the world can anyone help us my credit score is low its 495 my wife score is 575 we live in a manufactured home worth $89000 we owe $61000 we are in chapter 13 have 16 months left can anyone help us we would like to refinance and get life back on track can anyone will anyone help.

Keywords:
              

 
 

Asked 11/06/2008 10:43 am CT (Mobile, AL)

HI , MY QUESTION IS MY HUSBAND AND I BOTH HAVE FILED CHAPTER 13 AND I HAVE CONVERTED MINE TO CHAPTER 7 , HE IS CURRENTLY STILL UNDER CHAPTER 13 . WE HAVE A COMBINE INCOME OF 65,000 YEARLY . WE ARE FIRST TIME HOME BUYERS . OUR CREDIT IS NOT SO GOOD . WHAT DO WE QUALIFY FOR OR IF WE QUALIFY TO BUY A HOME .

Keywords:
    

 
 

Asked 08/05/2008 10:53 am CT (Brewer, ME)

If my husband filed bankruptcy chapter 7. It has been discharge. His name is the only one that was on the mortgage but both of our names are on the deed. What happens to me?

Keywords:
                  

Nothing happens to you. House could be foreclosed on if mortgage is not paid though....

[ Total Answers: 1 ]

 
 

Asked 04/11/2008 09:05 pm CT (Hempstead, NY)

Filed chapter 7 in August discharged in November 2007. I surrendered my home to first mortgage company who told me I don't owe anyone once I move from property. Now my 2nd mortgage company is calling me to make payments. I don't understand why my 2nd mortgage company is telling me that I still have to pay them. My house is worth $380-410, I surrendered the property because I could not afford to pay hoping that I would be able to live without stressing any more. I owe 264k on the first and 63K on the 2nd. Why am I still getting harrassed when I could have reaffirmed but chose not to. I am really confuse, thanks.

Keywords:
                      

 
 

Asked 03/30/2008 07:22 pm CT (Shakopee, MN)

I filed for chapter 7 bankruptcy last year which was discharged. My boyfriend and I want to get married April 2008 but he wants to buy a home after we get married and would i have to be included on the mortgage loan he gets? We were told it could affect his rates etc., Do you have to apply for a joint mortgage loan if married? Can't he apply as married using just his income and expenses and credit to qualify for a mortgage? I would not be on the loan documents but listed as having an interest in the home. Is this possible?

Keywords:
                                  

 
 

Asked 03/17/2008 11:25 am CT (Ivins, UT)

My husband and I bought a home about 8 years ago. It was our first home and we got scammed into taking on a balloon payment of $20,000 due after the first 2 years. Needless to say we couldn't pay that much all at once. We went to a place trying to refinance and they ran our credit so many different times that they decreased our credit score below what they said they would allow and refused to refinance us. This took so long that by the time they told us they wouldn't refinance us the balloon payment was up and we were being threatened with forclosure. We decided then to do a chapter 13 bankruptcy to pay back this amount owed in a way that we could more readily afford. Between now and the time that we filed the bankruptcy I have lost my job 4 times. 2 times due to downsizing companies, once due to health problems, and once due to an employer who decided after hiring someone they knew they would have to train, that they couldn't spare the time. Through all of this I have tenaciously found the way to make my mortgage payments along with my chapeter 13 payments. Now however it seems to me like my mortgage company is trying it's darnedst to take my home (which has risen in value to almost 3 times what we initially got the loan for). I was late on a mortgage payment once and they filed for a dismissal of my chapter 13 so that they could forclose. I pulled it out and made all the payments needed so they dropped it. The legal document filed, however, said that if after 3 times of payments not being on time they could dismiss the 13 and forclose right away. Since the first time I have paid my payments on time and made sure to get proof of delivery from the postal service each time. They have since claimed that I was late once before, which I proved incorrect, and now they have sent me a document that says that I have alledgedly been late again and they are going to forclose. I have only $500.00 left on my chapter 13. If I get my bankrupcy lawyer to fight it, he will tack on more money for his services to the 13 and it will take longer and I'm not sure this mortgage company is going to give up on trying to forclose on me! What should I do? Even when the 13 is over I will still be with the same mortgage company and probably still be facing forclosure every time they decide they want to mess with me!

Keywords:
                                                      

Get away from that mortgage company AND make your pymts on time. If you can't afford the home, I'd s...

[ Total Answers: 1 ]

 
 

Asked 03/09/2008 11:20 pm CT (Evansville, IN)

After my husband died I was unable to keep up with my mortgage pmts. The attorney suggested a chapter 13 since the house is half paid for& is now an asset. How can I refinance to pay off the bankcruptcy and still have a mortgage pmt with bad credit from the bankcruptcy?

Keywords:
              

If you are 62 or older you may want to consider a reverse mortgage You can call me to discuss this ...

[ Total Answers: 2 ]

 
 

Asked 03/03/2008 05:18 am CT (buffalo, NY)

my wife and i were pre approved for $120,000. we asked for this amt.. found a home for $95,000. we did get pre approved. Filed and satisfied a chapter 13 exactly2 years ago. Due to his job of 39 years lay off ...sold company. I obtained another lesser job at half the salary for 11 years...lay off again. Have been employed at 60,000 including Social security as well age is 69..wife 65. Mortage consultant says NO Problem...I am worried sick as I have been emplyed steadily for the past 1 year ...PROBLEM...we will hear in 1-2 weeks Sure hope with my steady employment now this will help us . I do have $90,000 in equity in our present condo....PLEASE REPLY SOON Thank you

Keywords:
                  

 
 

Asked 02/28/2008 04:44 am CT (houston, TX)

I an currently paying over 1400 a month in rent. my credit score is low just over 500. although I was recently able to purchase a new bmw and plasma tv in my own name over the last 6 months. I have a dismissed chapter 13 (dismissed with prejudice) due to a change in state from where I filed and paper work not being filed timely by my lawyer. I more over 76k. I am in the process of paying off the remaining items that weren't paid through the chapter 13. do I even stand a chance at getting a mortage? I would be a first time home buyer and looking at price range between 190-160k condo.

Keywords:
                              

Work on paying off your existing debt before getting into a whole messload of debt w/ a new mortgage...

[ Total Answers: 1 ]

 
 

Asked 02/24/2008 05:25 am CT (Thomasville, GA)

I have tried, unsuccessfully, to find someone to refinance my 2001 Homestead 16x80 mobile home. It is financed through Greentree with a variable interest rate (presently 14.625). Greentree will not refinance nor will they consider financing for anyone wanting to purchase this home. I tried to sell it but found that, due to the amount owed on it (roughly $27,000)it makes more sense to buy a new home than to buy this one. I have a good tenant living in it who wants to buy it herself but her credit is poor. I have a chapter 7 bankruptcy which was discharged in November 2005. My fico scores are right under 600. I am desperate to find someone to refinance this home on a fixed interest rate so that the payment will be more affordable and predictable. The current payment is $374.89 and she must also pay $150.00 lot rent. If the payment continues to rise, I will lose my tenant. No one seems willing to take a chance on refinancing for me although I have a good job I have been working for 6 years, with a decent salary (appx. $35,000/yr). I just got a promotion and will be moving in the next week or so to start my new job. I would love to get this mobile home refinanced (or financed for my tenant) before I go. Does anyone know of a mortgage company who would refinance for me?

Keywords:
                                              

Ask your neighbors. Find out which lenders are financing all the other mobile homes and then approac...

[ Total Answers: 1 ]

 
 

Asked 02/19/2008 06:29 pm CT (saraland, AL)

my wife and i are looking to buy our first home and our credit scores are just below 600. i have recently been discharged from a chapter 13 and have no debt at all. my wife has kept a clean nose for a year now with no late payments and have never been late on the mobile home we are financing now (with only 10,000 left owing).our income together is 85k. what options due we have during this credit crunch we keep hearing about? can my wife alone finance without me on the loan?

Keywords:
                        

Rick, it is possible for your wife to obtain a home loan without you on the loan providing she can q...

[ Total Answers: 1 ]



Pages:  1 
 
 2 
 
 3