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While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.
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∙ 13y ago
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Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage?
This question is incomplete. In most districts, you cannot incur new debt if you are a debtor in an active chapter 13 case. To refinance or incur any new debt, you have to obtain the consent of the Standing Chapter 13 Trustee in your case.
What lenders refinance while in a chapter 13 bankruptcy?
None, if you mean refinance a debt in the chapter 13. If your car dies, and you can find one that does not require a payment much more than you were paying before, you can probably get it approved by the trustee and the court.
Where can you refinance if you had a chapter 13 that was dismissed and have your late mother's debt on your credit report causing liens on your house?
There are many lenders including FHA that you can do a refinance through after or even during a chapter 13. With FHA from the time the chapter 13 is intituted the owner of the property must make on time payments for one year. During the chapter 13 the new loan amount must equal the present payment. As for your mothers debt if the home is liened they must be payed off at closing unless you can go to court and prove the creditors had no right to lien the property. A very expensive and time consuming proposition.
Is it possible to get a home equity loan while paying chapter 13?
No you can not get a home equity line of credit but you can refinance and pay off the chapter 13 with the new mortgage.
If you are dismissed from a chapter 13 and have your mortgage reinstated can you refinance your home?
You can refi a day out discharging of bankruptcy depending on the situation.
Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage?
This question is incomplete. In most districts, you cannot incur new debt if you are a debtor in an active chapter 13 case. To refinance or incur any new debt, you have to obtain the consent of the Standing Chapter 13 Trustee in your case.
What lenders refinance while in a chapter 13 bankruptcy?
None, if you mean refinance a debt in the chapter 13. If your car dies, and you can find one that does not require a payment much more than you were paying before, you can probably get it approved by the trustee and the court.
Where can you refinance if you had a chapter 13 that was dismissed and have your late mother's debt on your credit report causing liens on your house?
There are many lenders including FHA that you can do a refinance through after or even during a chapter 13. With FHA from the time the chapter 13 is intituted the owner of the property must make on time payments for one year. During the chapter 13 the new loan amount must equal the present payment. As for your mothers debt if the home is liened they must be payed off at closing unless you can go to court and prove the creditors had no right to lien the property. A very expensive and time consuming proposition.
Is it possible to get a home equity loan while paying chapter 13?
No you can not get a home equity line of credit but you can refinance and pay off the chapter 13 with the new mortgage.
How does one refinance a home after a Chapter 13 bankruptcy?
One can find a guide on how to refinance a home after a Chapter 13 bankruptcy on various websites like Homeguides and wikiHow. Both websites offer a great amount of information about all kinds of things, including bankruptcy.
If you are dismissed from a chapter 13 and have your mortgage reinstated can you refinance your home?
You can refi a day out discharging of bankruptcy depending on the situation.
How long after bankruptcy do you have to wait before refinancing?
Refinancing after a bankruptcyThe time period you have to wait depends on what chapter bankruptcy you filed. Generally, you are able to refinance 2yrs after a Chapter 7 discharge.If you are in Chapter 13, you can refinance the next day with many lenders. You can email a mortgage broker like myself to find out more.To add to the above answer, you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter 7 a day after discharge. A chapter 13 can also be refinanced before discharge since it's on a payment plan for 3-5 years from filing date. You can get a chapter 13 refinance as little as 6 months from filing, not discharge and you can payoff your chapter 13 in the process if you have enough equity in your home.
Can you refinance out of bankruptcy?
I assume you are talking about a chapter 13??? A chapter 13 you can do this after [ one year if you have paid on time for 12 months through FHA] However your new payment must equal your present PITI.
In Pennsylvania does the participant in a chapter 13 need permission from the bankruptcy court to refinance property?
Yes, permission from the bankruptcy trustee/court is needed for any major financial transaction while participating in a chapter 13.
Is there a mortgage company that will refinance a mobile home for someone who is still in Chapter 13 if you would like to refinance and pay off your Chapter 13?
There are many variables that can have an effect on this transaction. The most likely answer is YES. Please contact me and we can discuss the details of your situation. I specialize in FHA transactions and have a lot of experience with Mobile / Manufactured homes.
Can you refinance in chapter 13?
Yes. If you have had 12 months of on time payments to the truste and your mortgage has been paid on time,While participating in a Chapter 13 bankruptcy, no major financial transactions are allowed w/o the permisson of the bankruptcy trustee.
Can you leave a chapter 13 bankruptcy open and refinance your current mortgage if the mortgage is not included in the chapter 13?
Here is the short answer.........No. No lender will allow this. Lenders want you to be out of Bankruptcy.This is what I do refinance people out of bankruptcy early or arrange refinancing so that my clients can avoid bankruptcy or forclosure altogether. that is what you must do in order to refi your mortgage regardless of the mortgage status with your bankruptcy plan
