Can you keep your home after file bankruptcy?

Answer 1

Wow. Wake up call: After the foreclosure it isn't your home anymore. That's the point. Someone else bought it. It is their property now. What they paid went to pay what you owe and weren't paying...(although if they paid less than what you owed, you still owe the rest).

You had to do things long ago to save the home, not ignoring but caring about all those notices, calls, etc. you got about what may happen, what steps were being taken, and wanting you to contact them to work things out would have been one of the first things.

Actually in most states, banks are limited by the one action rule. If they foreclose using nonjudicial foreclosure (which most are) then they cannot go after you for the remaining deficiency.

If they get a judicial foreclosure, they may be able to go after you for the deficiency, but that varies from state to state.

Talk to an attorney. There is a (varies from state to state) one year right of redemption period. You may also be able to file a unlawful detainer suit if you believe the foreclosure was not conducted correctly or the underlying reason why you got into trouble is because of a predatory lending scheme.

Don't pay attention to heartless commentary from the original replier. You'll get through this either way.

Answer 2

Depends on file bankruptcy for, and the bank and what they want to do.