If our home is in foreclosure,and never reaffirmed the debt through chapter 7-how will it affect us getting a home?
After Chapter 7 bankruptcy has been Discharge can buy a home
maybe
NO
I don't believe anybody can sue if you are under bankruptcy.
Yes, but you would need court permission.
Yes, as soon as you reestablish your credit to the lender's satisfaction.
You can get a home after a BK. If it was a chapter 13 you can get a mortgage at any time. You can even use a refinance to buy out the BK. If it was a chapter 7, you normally need to wait 2 full years. Under certain circumstances you can buy a home after one year.
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
Yes but your interest rate will be very high
You haven't said where this is. -That would very likely come under the bankruptcy laws of your province or state.
Yes, but you must get permission from the Court. You do not technically own the home while you are in the bankruptcy - it is property of the bankruptcy estate. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.
What company will insure you when in chapter 13 if you home is not covered in the bankruptcy. If you have current insurance and the company is going out of business.