QUESTION

What can I do to prevent foreclosure on my home?

Asked on Feb 19th, 2013 on Foreclosures - Connecticut
More details to this question:
I recently filed bankruptcy. My house was not place into bankruptcy. I am three months behind on my mortgage payment.
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6 ANSWERS

All debts should be listed in the bankruptcy, including the home loan. Your attorney needs to contact the lender and work out a deal. In a chapter 13, you can pay delinquencies through the plan.
Answered on Apr 01st, 2013 at 2:51 AM

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You have two options. Either you apply for a loan modification or short sell your property.
Answered on Feb 21st, 2013 at 3:00 PM

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Bankruptcy Attorney serving Overland Park, KS at Wellman Law LLC
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I don't think it would be accurate to say that your house was not placed into Bankruptcy, although that's commonly how people think of it when they know the intention was to continue paying the mortgage. One big question is whether you signed a Reaffirmation Agreement. If not, as long as the mortgage company received notice of the Bankruptcy (and you are required to list all of your debt and property, so it's likely listed) you cannot be sued for any deficiency. There are quite of few things to doublecheck here and if you're walking away there are quite a few considerations about the timing of that and your ongoing responsibilities and liabilities, so I think you should discuss this with the attorney that handled your case or even pay for legal consultation to make sure you're doing this the best way.
Answered on Feb 21st, 2013 at 3:00 PM

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Richard hirsh
If you are in a chapter 7 case and there is no equity in your home, it is likely that the mortgage company will seek relief from the automatic stay so it can proceed with foreclosure. You will then have to defend in state court or try and seek a loan modification.
Answered on Feb 21st, 2013 at 3:00 PM

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Bankruptcy Attorney serving Phoenix, AZ at Law Office of D. L. Drain, P.A.
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You committed bankruptcy fraud by not putting your home into the bankruptcy. You need to talk to a good bankruptcy attorney in order to determine your options. Please understand that bankruptcy is a very complicated process.
Answered on Feb 21st, 2013 at 3:00 PM

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Family Law Attorney serving Hamden, CT at Wolf & Shore Law Group
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You may be eligible for a mortgage modification or, if your house does go into foreclosure, you may be eligible for the foreclosure mediation program that Connecticut offers.
Answered on Feb 21st, 2013 at 2:59 PM

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