Assets for bankruptcy

Posts Tagged ‘foreclosure’

If I purchase a home if the institute that originally financed my home should go bankrupt can they put a lien on my home , and eventually would my home go into foreclosure? Is this true?

Technorati Tags: foreclosure

Please give suggestions on allowing our home to go through foreclosure or other means during our Chapter 13 process. It has become very apparent that we are unable to afford it and is part of our total money outlay problem. Not sure we can sell this property and get out from underneath the total payoff amount.

Also, what would happen if we sold the home for less than the payoff? Is foreclosue an option. Sounds painful. Need and appreciate all help with this situation.

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Technorati Tags: chapter 13, foreclosure, money, outlay

Everything that i’ve read says that you can get a home after 1 year in a ch 13 bankruptcy, 2 years after ch 7 bankruptcy, and 3 years after a foreclosure. I am about to file a chapter 13, and wonder how long would I have to wait before I could purchase a home. Does anyone know the actual rule and could you point me to the website or where you got your information?

Thank you!

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Technorati Tags: 3 years, bankruptcy, ch 7, chapter 13, foreclosure