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Search: "Filed bankruptcy"

 
 

Asked 01/13/2009 05:43 pm CT (Canton, OH)

In 2004 our house went into forclosure. In 2005 we filed bankruptcy. We just found out in December 08 that the house was still in our names, how is that possible and how can we get that house out of our names? We would like to purchase another home and it may stop us from doing so....

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Asked 08/26/2008 01:18 pm CT (paducah, KY)

I filed Bankruptcy, and the mortgage company was supposed to foreclose on my house,my guess is because it had roof damage, ect. I got a letter saying that they charged it off and cancelled the sale. I know I can live in it and rent it out, but can't sell it until they release the deed. I don't want to put alot of money into it if they can come back again. How do I get them to release the deed? or can they come back after they charged it off? Homeless

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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?

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

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Asked 07/22/2008 10:04 am CT (S. St. Paul, MN)

My husband and I are struggling to make our mortgage payments these past couple of months. We've recently filed bankruptcy. Do we have any options as far as lowering our monthly payments?

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Asked 07/09/2008 05:39 pm CT (SACRAMENTO, CA)

MY HUSBANND AND I FILED BANKRUPTCY AND IT WAS DISCHARGED LAST AUGUST 2007. WE HAVE A 2ND MORTG WHICH WE DID NOT REAFFIRM IN THE BANKRUPTCY. WHAT HAPPENS IF WE DO NOT MAKE THE PAYMENTS TO THE 2ND MORTGAGE COMPANY BUT STILL PAY THE FIRST MORTGAGE? THE PROPERTY VALUE HAS DROPPED TO WHERE IF WE TRIED TO SELL WE WOULD BE LUCKY TO GET ENOUGH IN THE SALE TO PAY OFF THE 1ST MORTGAGE. THE 2ND WOULD GET NOTHING- AND THEY WERE INCLUDED IN OUR BANKRUPTCY. IF WE CANNOT CONTINUE TO MAKE THEIR PAYMENTS CAN THEY FORCE A SALE OF THE HOME?

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Asked 05/16/2008 07:24 pm CT (Spokane, WA)

My company is transferring me, and will purchase my current home if we can't sell it. Our credit score in in the 500's due to an illness that caused my husband to lose his job. We have two late mortgage payments from 8 months ago - which surprised me because I contacted the mortgage company and they agreed to those late payments before they were late. We also have several other late payments, one 5 months ago, but most are about 10 - 12 months and everything current since then. I have worked for this company for more than 15 years and my spouse recently was approved for disability payments which has helped. We have never had a judgement filed against us or filed bankruptcy, and all our accounts are current. I was sick to see my credit score so low. In this new strict housing market is there any chance that we might get a mortgage? We should get enough out of the sale of our current home to put 20% down. I am very worried about even being able to find a place that with rent to us with such a crummy credit score. Thanks, I appreciate your advice.

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If you can put 20% down then you should be able to get a loan. There are some programs that do not r...

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Asked 04/16/2007 10:31 am CT (Renton, WA)

We have two loans on the house...we received a letter from the bigger of the two loans that they would be increasing our interest rate and they could increase it every 6 months from this point on. We had a pre-payment penality for 3 years but that 3 years will be up this month...the only thing is that my husband filed bankruptcy probably about a year ago. At the time we weren't married but we both owned the house with me being primary owner. We have no been married for about 4 months. Initially I had good credit but he had the money. I still have the better credit but I owe alot. My question is...how long typically should we wait before we refinance especially with the bankruptcy? Would it be better to refinace now in hopes that we get it at a fixed rate? Or should we wait a little longer even though the interest rate will continue to increase every 6 months?

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Melita- Well I disagree on the value of the house declining. Maybe in other parts of the countRy...

[ Total Answers: 4 ]

 
 

Asked 03/28/2007 07:31 am CT (Reading, PA)

My husband filed bankruptcy 3 years ago. Ch13. He thought it was a 3 yr it is a 5. We get letters all the time about paying it off early. I didn't file have decent credit, but we want to get my debt paid off. His interest rate on his mortgage is 8.5. Can we refinance everything get this bankruptcy taken care of and put my name on everything? Right now I am not on the mortgage or deed. He did this right before we got married and one day I would like to buy a new home.

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You should be able to refinance out of your Chapter 13, but will need enough equity in the home to d...

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Asked 08/25/2006 11:28 am CT (vineland, NJ)

my grandfather has filed bankruptcy and his home is included, is he able to still sell his home.

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That is definately something to talk to the lawyer about. If they are on board and you would like t...

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Asked 04/20/2006 07:07 pm CT (Macon, GA)

My husband & I bought a house about 9 years ago and had a VA loan. In 2000, we filed bankruptcy (Chapter 7) and included the house in the bankruptcy. Can we use the VA on another home loan now? We are currently renting. If so, how do we go about it?

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If you have reestablished your credit after the BK 7 you should be able to use your VA eligibility. ...

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Asked 02/21/2006 08:15 pm CT (daytona, FL)

I want to get my husbands name off the mortgage. I understand i can do this if i refinance. is it hard to refinance if i filed bankruptcy last year?

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We have programs for client one day out of bankruptcy and chapter 13 bankruptcy buyouts. If you hav...

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