Posted by: admin in chapter 13 bankruptcy help on
need help asked:
I filed chp. 13 bankruptcy a few months back and now want to surrender my house. I owe more than the house is worth and cannot afford the mortgage payment. I am current on the mortgage payments and the bankruptcy payments. Will this be a foreclosure on my credit? Also, how long will have to wait before I am able to get another mortgage? I understand that FHA will be the only lender who would even consider a mortgage a few years after bankruptcy.
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I filed chp. 13 bankruptcy a few months back and now want to surrender my house. I owe more than the house is worth and cannot afford the mortgage payment. I am current on the mortgage payments and the bankruptcy payments. Will this be a foreclosure on my credit? Also, how long will have to wait before I am able to get another mortgage? I understand that FHA will be the only lender who would even consider a mortgage a few years after bankruptcy.
Go on-line to the “IRS” . Gov and look up forms and publication, these will get you thru the task.