If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Bankruptcy mortgages in Canada have been set up because having a house demonstrates some sort of equity on your part. The banks would prefer you to keep making payments on the house and therefore they will make more money then if they were to foreclose on it and sell the house at a discounted price.
When you file for bankrupt, you can wait for 2 years before u can buy a house.
Yes, you can still apply for Mortgage Relief after filing bankruptcy.
It depends. If you declare bankruptcy on another house while you are living in your formal house, no you don't lose your formal house. If you declare bankruptcy on your formal house, you get your house foreclosed, or taken away by the bank. ----
Are you referring to a Chapter 13 bankruptcy confirmation hearing?
If you want a computer manufactured in Canada while buying from the United States, the only way to do this is by purchasing the computer online. THat way it will be shipped out of Canada to your house.
You are normally allowed to keep the house you are living in and one car in a bankruptcy.
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
No. The bankruptcy will for certain be dismissed with prejudice. The premise being, if the consumer had the money to purchase a house, they had the money to pay previous debts.
yes, just keep your house exempt from the bankruptcy
I have a reverse mortgage on my home, can it be taken from me in a bankruptcy?
Yes, 3 years after discharge of the Bankruptcy.
Not possible if it is coming from bankruptcy court (it probably is)
With permission of the administatror. You agreed to involv then first before maiking ny financial changes
I f that was the main reason for filing the c. 13, you can. Make sure the lender knows about the bankruptcy and you have a refi commitment before you move to dismiss.
If the house was forfeited in the BK, instead of a reaffirmation agreement with the lender..NO!
All liens survive bankruptcy. You can get rid of the lien by "avoiding" it. Look up "Avoiding Liens" in google or findlaw.com for more info.
That decision is made by the lender not the bankruptcy court.
Yes. in support with your bankruptcy lawyers experts.
If you filed for bankruptcy and the title company knows about it, then you cannot sell your house. Your title is not free and clear so a buyer could not purchase. It also depends on the bankruptcy, you should talk to your lawyer.