QUESTION

What are my best options for getting my home forclosure be resolved?

Asked on Jan 02nd, 2014 on Foreclosures - California
More details to this question:
My house is in foreclosure. I am prepared to reinstate the loan but when I requested the amount, the fees were $5,000. I am only $7,000. behind on the mortgage. I was surprised to find out that reinstatement will cost over $12,000. In addition, for the past 6 or so years, I have had an issue with the bank not paying my taxes so that the house goes into tax sale and I end up owing fees related to that. I have been unable to get the bank to resolve this issue. I have had my house for 17 years and the original amount financed is only a few thousand more than I currently owe, I think from these fees.
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1 ANSWER

You could file for Chapter 13 and pay the deficiency over the length of the plan, normally 5 years.
Answered on Jan 28th, 2014 at 4:15 PM

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