QUESTION
can chapter 13 help us save our houses, or is there another way to stop foreclosure?
Asked on Apr 03rd, 2018 on Foreclosures - Connecticut
More details to this question:
we have one house that we rent out in fl which is in pre-foreclosure, they have an attorney but have not set a sale date, we are trying to modify but so far they have not approved, only 3 months behind on primary just starting mod process. we have some equity in this home (worth maybe $250k if we're very lucky and do some cosmetics, and owe $157), but the other one is $100k under water (owe $448k worth about $350k--they tacked on over $100k arrears when we filed chapter 7 (discharged feb 2012), not sure if that is legal?). we also have $28000 credit cards, $17000 in my husband's work truck loan, $1700 in my car loan, $60k student loans (which I have deferred for now on income payment plan), we probably wouldn't qualify for a second loan on the house but not even sure we would want to put all this debt on our house like that, thoughts on this?
1 ANSWER
This is too complex a situation to advise by way of email or text. My office has a focus on bankruptcy and could assist you, but we need more information and probably would want to have a meeting to go over all the details. Please feel free to contact us if you would like to schedule a meeting.
Answered on Apr 10th, 2018 at 8:35 AM
Information provided doesn't create an attorney/client privilege nor constitute an offer of services and is only general responses to hypotheticals