What are my options after filing Bankruptcy and home in Foreclosure? Need Help!?
448776
Do you want to keep your home?  If not, sell the house.  The last thing a lender wants is to take someone's home.  They want to get paid.  Contact a Realtor (GET A SHARP ONE BECAUSE TIME IS YOUR ENEMY RIGHT NOW!) to list/market your home.  Once you go to court, the lender will have representation there.  You tell the judge that you are in the process of selling the home.  Take the listing agreement or hopefully you can have a signed "offer to purchase" that you can show the judge of your good faith.  I've dealt with cases like these alot.  I have actually left the closing and gone across the street to the courthouse on my seller's behalf to advise the judge that "we are closing as we speak".  The key is to go to court.....don't run from it.\n\nGood Luck!
588329
There are many lendors who will give you a home loan one day out of bankruptcy, look in your yellow pages, they usually state this in their ad.  As long as you have a good job, and been there a long time, they will give you a loan.  And dont sign a lease for a year, do a temporary thing, so you can get a house asap!
793193
If you're in danger of falling behind on your mortgage, or if you're already delinquent, it's important to know what's ahead and what your options are. Usually, the faster you move, the more choices you'll have about your financial future.\n\nFiling for Chapter 7 or Chapter 13 bankruptcy protection sometimes paves the best path for debtors to retain their houses and deal with their creditors. Advantages of bankruptcy include the debtor’s ability to stop foreclosure without creditor acceptance and encompassing more than just the mortgage debt with a single action. If bankruptcy emerges as our first recommendation, your personal circumstances must be well suited for this option. In most cases bankruptcy comes as a last resort. While you may file bankruptcy on your own, you will almost always be better served to hire a qualified, experienced bankruptcy attorney.\n\nIn Chapter 7 all nonexempt assets are turned over to the bankruptcy trustee and debts discharged. Exemptions vary by state. In most cases the debtors possess so few assets that they may keep everything and have all of their debts wiped out completely. If a chapter 7 will not yield this result it may not be the best option. In Chapter 13 a plan outlines how the debtor will pay creditors over a three to five year period. Only a Chapter 13 can stop a creditor from foreclosing on a delinquent debtor over a period of years. Under a chapter 13 the court retains the right to scrutinize finances of the debtor for the life of the reorganization plan. For a Chapter 13 to work payments under the plan must be kept up or the court protection will evaporate and the house will go to foreclosure. To learn more read the chapter 13 bankruptcy FAQ.\nFull Payoff Refinance\n\nBorrow enough money on a new mortgage to pay off the balance on the old mortgage including arrearage and legal fees. This happens more often then one might guess. If the debtor has enough equity in the house, bad credit will not stop them from getting a new loan.\nFull Re-instatement\n\nIt doesn’t get easier than this, find out how much arrearage is owed and pay it in full. If a debtor could do this they probably wouldn’t be reading this, but just in case, know it exists as an option. In fact, most state laws grant the home owner the absolute right to re-instate before the foreclosure and require that the bank accept the full re-instatement and stop the foreclosure. Unless a creditor gives a debtor a hard time, they should not need outside help on this option.\nGive Up the Property\n\nToo often people refuse to examine this as an option. The problem may be that the homeowner cannot afford to stay where they are. If the debtor will not be able to keep the house in the long run it may not be advisable to throw a lot of money into a futile effort to save it from foreclosure just for the short run. Any cash available may serve them better if put towards a new place to live. If you owe more than the house is worth, look at a deed in lieu of foreclosure as described above.\n\nTerms can be negotiated with the creditor for debtors to stay in the house as long as possible before moving. Where debtors have equity in the house, try to arrange preserving it by selling it prior to foreclosure. In some cases other equity preservation strategies may be used when foreclosure cannot be avoided.
289422
Contact the attorney who filed your case for you. You may be able to roll it over to a chapter 7, but you might lose property in the process. If your debts are that high, and your income that low, you might need to just let everything go back and start over.
392496
Go to court house and ask for deparment that handles foreclosures, they can help you.
127962
You are on the hook if you signed.  \n\nIf you don't want to file bankruptcy, then you need to find someone to Sub-let the space.  The landlord cannot reasonably turn down a viable sublessee, however, you may still be on the hook for the remaining term.\n\nRead the terms of your lease. Yes, it's a book you never read before, but now is a good time.\n\nIf you want good information as it relates to your personal position, you really need to seek legal advice from an attorney.  Money well spent if you are trying to preserve assets, and if you have a complicated financial situation.\n\nYour call.
116577
mortgage history is the key to your credit.after foreclosure your screwed for 7-10 years creditwise. even after that it still has to be dealt with.
982135
Keeping lines of communication open is good. Also, try to make any payment you possibly can. At this point, you may have to bite the bullet and get ANY job just to pay the bills. You can still search for a permanent job but it would be crazy to lose a house you almost have paid off if you can go down the street and get a job at fast food, a retail store, etc. Heck, deliver pizzas! If you can possibly do so, get a roommate. Do whatever it takes to bring in some money (legally) and keep the lender aware of all your efforts. Once you get 4 mths behind, they can start the foreclosure process. If your credit is okay, and since you have some equity in your home, you may be able to take out a home equity line of credit - but I'm not a big fan of treating your home as a bank, esp when the problem is that you have no money to pay the mortgage as it is....it's like robbing from Peter to pay Paul. Because you're going to have to then pay back on the HELOC as well. So this would be a last resort.
797962
Is the car worth $8000 now or is that what you paid for it?\nAlso do you still owe anything on it.  There are a lot of variables.  I filed last year in California and our attorney who handled it answered a lot of the questions for us.  That is what you pay them for.  Most of the time you can also low-ball the value.\n\n  Our attorney looked up the lowest blue book and then asked if there were problems with transmission or if tires were due to be replaced etc and kept deducting values until it fit.  \n\nAlso if you have an active account you don't always have to include it in the bankruptcy.  Especially if it is your only car and you need it for transportation to work/doctors, etc.  My husband and I had both lost out jobs within 2 weeks of each other which prompted our bankruptcy.  But my son has chronic health issues so we were able to extend what assets we kept.\nGood luck.\n\nAdded noted:  in reference to below, personal property.  They will ask you to list the value of your wardrobe, any jewelry, appliances, electronics, furniture, even kitchenware... as to what you might get out of them if you sold them to try to pay back your debts.  Fortunately they will usually go by 'Yard Sale' values.  Just keep that in mind when you try to determine what they determine as your total value.
480903
There are two types.\n\nThe first is a consolidation loan.  Pretty much just like any other loan, but they take into consideration that you are actually going to remove your current debts.  If you have a bankruptcy against you already, you probably won't get this type of loan UNLESS you get one from a company who secure the loan against your home. BUT be careful, if your not good at repayments (no offense but it doesn't sound like you are)m then this could be dangerous, because they WILL take your home.\n\nThe second is more of an agreement.\nA third party organization look into your current finances. They agree with you how much you are capable of re paying every month.  They then contact all the companies that you owe money too, explain your situation and ask the if they would work with you and them in coming to a repayment agreement.  This will include stopping all interest and late payment charges.  You then pay a lump some to the organization, who then give each company the amount that was agreed to be paid each month.\n\nThis services should be free to you, so make sure you find one that is. They make their money from the collectors. They would rather have some money make than no money back.
811675
Go to legal aid on Monday with your copies of all the papers including the receipts for payments. You may end up owning the mortgage company if all you say is true. I wish you the best of luck.
357290
Go to Lendingtree.com\n\nI got a Mortgage after my wife declared bankruptcy.
63506
If the foreclosure happened less than 6 months ago, I am pretty sure you can go into the county treasurer's office and pay off the taxes, interest, penalty and costs and get the property back with the tax lien dropped.\n\nIf it is longer than that, I am not sure.
1127180
Only a lawyer who can review your mortgage can tell you your rights, which depends on the state you live and the documents you signed when you got the loan.  \n\nHowever, some lenders have programs where if you volunteer to leave the house without contesting it in court, they may actually pay you a small amount of money.\n\nThe concept is they get back the property in reasonably good shape, save a little in legal fees, and end the process quickly, which minimizes their loss.  You get a small amount of money which you can use to get your belongings and self out and start over.\n\nOther options include: \n\nGet a real estate broker to give you a "BPO", which is basically their opinion on the value of your home.  If the value is higher than what you owe the bank, sell it quick!  You can avoid a damaging foreclosure on your credit record and even get to keep the profit earned by selling it for more than you owe.\n\nRefinance with a subprime lender who specializes in foreclosure bailouts.  You'll need a reasonably low loan to value (the amount you want to borrow versus the amount the property is worth) to qualify for these programs at a reasonable interest.\n\nTalk to your family and friends.  Talk to your church or religious leaders.  They may be willing to pitch in to keep you in the house if the problem that forced you into foreclosure (such as a temporary loss of job, medical expenses, etc.) is over.\n\nConsider renting the house out to other people, find a cheap apartment, and use the rental income plus the amount you save each month by living in a cheaper apartment to pay your house's mortgage until you get things straight.  Then you can eventually give up the apartment and ask the tenants to leave, and move back in.\n\nAsk for forbearance/workout plan.  Some lenders may lower or eliminate payments for several months and put off a foreclosure if you can provide a reasonable reason why you deserve it, and you can demonstrate the ability to get caught up soon.  If you break the forbearance plan, its over....  That is probably the last bit of good will the mortgage company will offer.
258272
It sounds like you are behind but not at the foreclosure stage(over 90 days past due)\n\nFirst off, your mortgage company does not want to go to foreclosure. See if you can negotiate something, i.e. interest only, debt extension or restructure.\n\nDepending on the rest of your credit, your income and the equity in your home you might be able to find a lender or investor who would be willing to help you save your home or buy it immediately and walk away with some cash.\n\nNot ideal but when you get behind on a mortgage it is tough.
851962
Talk with an attorney.  There might be a way you could still come out of bankruptcy with something left.  You didn't say why you want to go bankrupt.  Do you owe more than $65,000?  If there is a way that you can not file bankruptcy then I suggest that you do not file for bankruptcy.  Do you have relatives you could live with if you lose the house?  Usually if you have a lien then any money that's taken from your pay or from what has been sold that you own first goest to paying the lien on the house.  Debts on the other hand, well you can go to Consulter Credit Counseling who can remove the interest, close your accounts, and help you pay down those bills if you have a job.  Right now there are a lot of part time jobs so you can get a second job for the holiday season and don't buy anything more.  Cut off your cable, get rid of your cell phones, and if things get really tight then sell your expensive car if you have one and get a clunker for a while till you recover.  If there are others in your family they could get jobs too.  And, if you can still have the house for a while longer then maybe you can rent out a room by the week (ask for church attenders who need a room to stay over the holidays).  But first you need to figure out how much time you have left on the house before it goes into foreclosure.  Best of luck to you.
647039
One of the previous respondents is absolutely correct. Almost any mortgage company offers a "hardship assistance" program, and they're actually anxious to work with IF a) your past payment history has been satisfactory and b) you are able to establish that your inability to pay is only temporary.\n\nIn actuality, many people can prevent foreclosures, credit score wreckage, and other financial disasters, just by contacting the lender and requesting forebearance and other hardship assistance. Most borrowers are afraid to let their lenders know about hardship, but the fact is that the last thing that your lender wants is for you to default on your loan. \n\nForeclosure is time-consuming, paperwork-intensive and expensive. Foreclosure buyers rarely pay anywhere near the actual market value of a home, so a lender who winds up with a portfolio of re-claimed real estate doesn't receive anywhere near the same kind of money from a foreclosure buyer as they stand to make from you, even if it takes you a little longer than the lender had hoped for you to pay your debt.\n\nTo keep it really simple - your lender doesn't want to foreclose on your house. They want you to pay the loan, because that's the outcome where they're going to have the least hassle, AND make the most money.\n\nIf you're having trouble making payments because of unemployment, reduction in income, illness or injury that prevents you from working, divorce, or other unexpected personal events that make it impossible for you to pay your mortgage loan, you absolutely must contact your lender, and ask to speak to someone about their hardship program.\n\nBe prepared to explain to the lender what you intend to do to restore your ability to make regular payments. If the lender can't envision how you're EVER going to be able to make the agreed-upon payments, you're no longer a good credit risk, and they're obligated to protect their investment by taking back their collateral assets. As long as you can convince them that you'll be able to resume payments within a reasonable period of time, I'm 99.99% positive that they will be quite supportive, and work with you to get your affairs back in order.\n\nGood luck to you!