0
What else can I help you with?
When you file chapter 13 does the interest get lowered on your mortgage?
No.
What chapter should you file if you are behind on your mortgage?
only in chapter 13, you cannot use chapter 7 to catch up on past payments.
Can you file bankruptcy on your house after chapter 7 discharge?
Your mortgage should have been included in your chapter 7 discharge. If it was- then you are no longer liable for the mortgage, but the lender can still foreclose on the property. If the mortgage was not included- then why wasnt it included.
Can you file chapter 7 in Florida and keep your home and property?
No
How do you file a mortgage in Florida?
To file a mortgage in Florida, you need to prepare the mortgage document, which typically includes details such as the loan amount, interest rate, and property description. Once the document is complete, it must be signed by the borrower and notarized. Afterward, file the mortgage with the Clerk of the Circuit Court in the county where the property is located, paying the required recording fee. It’s advisable to retain a copy of the filed mortgage for your records.
Can you lose your house if you file for a chapter 7?
Yes, if your equity in the house is greater than the exemption you can use and you cannot pay the trustee the difference, or if there is no mortgage on the house and its value is more than the exemptions. If you are current with your mortgage when you file and get behind on your mortgage during the chapter 7, the mortgagee can foreclose. Consult a local bankruptcy lawyer.
Can you keep your home if you file chapter 7 bankruptcy and owe more on your second mortgage than the first?
yes
You sold your house in a short sale The first mortgage was forgiven but the second was an equity line The bank said you had a mortgage dificiency Can you file bankruptcy now for the deficiency?
Yes, you can file a Chapter 7 to have the debt liquidated or a 13 to go into repayment.
Can you file chapter 13 and stop the interest on your house?
No, interest will continue. A court cannot alter a mortgage on the debtor's primary residence.
When you file under chapter 13 and you own your home with a mortgage does the mortgage get paid off in the three to five year period they give you?
No. The mortgage gets paid off according to the terms of the mortgage agreement, (20 years, 25 years, 30 years, etc.)
Can you file chapter 13 bankruptcy keep your house but get rid of a second mortgage?
It depends on whether the second mortgage attaches to any equity in the property. If the house is worth as much or more than the first mortgage balance, you may well be able to.
Filed chapter 7 bankruptcy is second mortgage gone?
If you are keeping your house and you have a first and a second, your second will not go away. If you are letting your house go, then the first and second will go. If your house is more than or equal to your first mortgage and you file a chapter 13, then your second will be "gone" in the end.
