I am facing a forclosure and Chapter 7. How does the foreclosure go in relation to the 7? ps no equity! : (?

Question: In florida, I can keep the house, but if I rent it I will still be upside down nearly $800/month. Should I do everything I can to keep it or let it fall under my bankruptcy? Thanks.

Answer:
Talk with a credit counselor. You may be able to voluntary return of the deed. I mean give back the home and not have it on credit record as a foreclosure.

---

you think you can keep the house
but it no guarantee that you can
if you outstanding debts are as such that you may indeed lose your house, it a myth to think that bankruptcy can stave of foreclosure of your house, often it does not

---

More Related Questions & Answers...

I am looking for a website about foreclosure homes?

How bad wll a deed in lieu of foreclosure affect my credit?

What is the process for foreclosure?

Is this home in foreclosure?

What are the consequences of home foreclosure?

If bush is responsible for record home ownership...is he responsible for record home foreclosures?

What is the best site for foreclosure listings(considering monthly fees etc), in regards to investing?

As a realtor, how can I get banks to allow me to be the realtor that sells their foreclosures?

In Utah what companies will let you get 100% financing to buy a house if you have a foreclosure and chapter 7?

Foreclosure listing?