If you lose your home to foreclosure?
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My advice is that if your house is in the process of foreclosure, to prevent yourself from losing it as well as everything else you owe money to, YOU SHOULD FILE BANKRUPTCY ASAP! I'm really not sure if it's Ch13, I believe that's just for bills like credit cards. Chp7 might save you.
But.
If your house has already been foreclosed & ended up being SOLD. then.it's TOO LATE! it's all in your credit history now. If you file Bankruptcy anyway, your credit will remain BAD CREDIT for the next 10-15 years. Good Luck on your new life having bad credit. No bank will ever lend you a dime, no Auto Dealer will ever approve you financing on a new car, you will never be approved for any credit cards & most of all, you will never, ever be able to buy a house by credit or financing. You now have no choice to rely on your monthly salary & money in the bank which you probably don't have anyway since your house is forclosed. No advice here.this situation of yours is out of lack of your responsibility. Bottom line is that you should've paid your bills ON TIME. If you can't pay your debts, my only advice is to NOT MAKE ANY DEBTS.
too bad.
that's what you get for not paying your bills.
nothing you can do to ever get your house back
also, good luck on trying to get approved for apartment rental.
with the bad credit you now have, they won't trust you either.
i hope you learned your lesson.
You can file at any time. Good luck, I know this isn't a great time for you.
no, only filing chapter 13 consolidates your everything into one payment, does not, include things that are already forclosed.
Once sold at a foreclosure auction it is gone. You would need to file BK before the forclosure takes place to stop it. You can file BK now to get rid of the debt as you will still owe the balance of the loan if they did not sell it for enough at the auction.
If you've lost your home to foreclosure, there's a strong chance that someone has snapped it up. The bank doesnt want your home. They want their $. And they dont care where/who/or how they get it.
I'm sorry but I'm afraid it's too late. My husband and I recently filed Chapter 13 THREE days before our home was going up for auction. Had we waited the house would be gone now and our only option would be Chapter 7 to climb out from under the debt of the difference between what we were paying and what the house was auctioned for...So chapter 7 may be an option to get out from under any debt...but unfortunately chapter 13 is no longer available to save your home for you.
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