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.
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.
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 .
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.
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?
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.
Hi Patricia - Our office is just up the 880 in Castro Valley - We have both real estate services and...
[ Total Answers: 5 ]
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?
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.
Not sure what you mean by "encumbered"? I would highly reommend speaking with an experienced real e...
[ Total Answers: 1 ]
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
In regards to your credit, your credit report may be messy and inaccurate, if so, this nonprofit com...
[ Total Answers: 2 ]