You would need permission from the trustee of the Bankruptcy to apply for a loan. I don't think any lender will allow you to refi under a bankruptcy unless you are NOT planning to cash out what equity you have in your house. For example, if you are trying to reduce your interest rate, it is possible that a trustee will grant you this privilege. For more information about mortgage, take a look at Phil Turner's Credit Bible, you may find valuable information to assist. You would need permission from the trustee of the Bankruptcy to apply for a loan. I don't think any lender will allow you to refi under a bankruptcy unless you are NOT planning to cash out what equity you have in your house. For example, if you are trying to reduce your interest rate, it is possible that a trustee will grant you this privilege. For more information about mortgage, take a look at Phil Turner's Credit Bible, you may find valuable information to assist.
Talk to a local experienced bankruptcy lawyer. If there is equity in the house after deducting the payoff on the first mortgage and any priority liens, you should not have a problem. If there is equity, it gets more complicated, but you may be able to keep the house with a Chapter 13.
Yes, it is possible to refinance your home while in an open Chapter 13, if your credit score meets the company's requirements. Also, a max 80% loan to value on your equity will be used to make sure you have enough money in your home to cover closing costs. There are also programs available that do not have score requirements and also allow you to payoff the remaining balance. If you need assistance go to www.1800PFG.com.
Contact the lien holder. A simple phone call.
If there is no equity in the car (it is worth as much or less than the payoff price), and the payments are current, no. If there is equity, since your daughter is not entitled to your exemption, someone will have to pay half of the equity to the trustee.
You cannot will, what you do not own. You were only willed the EQUITY, in the car, if any. Here is what you do. find out what the car is worth, verses what is owed. Look online for like models, for sale. That will give you an idea of value. Compare that number, to amount of payoff. You will have to call the bank, on this. Payoff, and amount of money ewed on the loan, are usually different. The payoff, will usually eliminate a bunch of interest. Anyway, compare the two, and if it is worth more than owed, then you have equity, or cash value there. If it is worth less than owed, you may be better to walk away from it. This is something only you can decide. At least all this will give you the information you need, to make your decision.
Well.........! It's common, Many people have more equity in there home than they owe on it.
You should be able to do so, yes.
Chase Att: HE Payoff Mail Code: OH4-7166 3415 Vision Drive Columbus, OH 43219-6009
Chapter 7 - Debt goes away. You cannot be behind on your house, car, etc to keep them. You cannot have massive amounts of "stuff" including equity in home/car. Chapter 13 - Lets you repay some debt at a percentage over time (up to five years). Perfect if you are behind on car or house. You get to pay the arrears over time. Chapter 11 - Like 13, except only applies if you have over $200,000 in unsecured and/or $800,000 in secured debt. (Those are the round limits.)
payoff phase
Persons can qualify for a home equity line of credit by mainting good credit history, having job income, and managing their indebtedness. Shopping around when you have less than perfect credit can payoff, as different lenders may have less stringent credit history requirements.
All major financial transactions have to be submitted and approved by the Trustee in charge of the 13. He/she can give you the needed information for refinancing your home according to the chapter 13, terms.