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It would depend on the terms of the mortgage lender. Often the lender will work with the borrower to help them catch up on back payments, etc. Most people file a 13 so they can keep all their property. It is better to try a "quick sale" or Chap 7, then to have a foreclosure. WIth a 7 the borrower can hopefully, qualify for a homestead exemption, and not be out the entire equity. The time it takes for a foreclosure and the home owner to move is dependent on the contactual agreement and the state statutes. It can be a year or ???

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Q: How long do you have in your home once a Chapter 13 has been dismissed?
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How long does a dismissed chapter 13 bankruptcy stay on your credit file?

A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years


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A chapter 13 Bankruptcy, dismissed, discharged, or otherwise, stays on your credit report for 7 years from the date it was filed.


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