Posted by: admin in credit repair for chapter 13 on
ami asked:
Ok, here’s the situation. We ended up defaulting on our mortgage in September. We were scheduled for a foreclosure sale on December 14th. We filed chapter 13 on December 1st. We had EVERY intention on paying this bankruptcy and making things clear. BUT…I lost my job last month and now our chapter 13 is being dismissed. We will refile next month. The problem is, we obviously cannot afford our house now. My lawyer has recommended that we let the house go in foreclosure. So this is my question: Will this show up as TWO foreclosures and a bankruptcy? If I get our lender to agree to “deed in lieu”, will THAT show up as a foreclosure?
Tags: deed in lieu of foreclosure chapter 13, Chapter 13, Job, Deed In Lieu, deed in lieu of foreclosure after filing chapter 13 bankruptcy, stink bombs, foreclosure help Ok, here’s the situation. We ended up defaulting on our mortgage in September. We were scheduled for a foreclosure sale on December 14th. We filed chapter 13 on December 1st. We had EVERY intention on paying this bankruptcy and making things clear. BUT…I lost my job last month and now our chapter 13 is being dismissed. We will refile next month. The problem is, we obviously cannot afford our house now. My lawyer has recommended that we let the house go in foreclosure. So this is my question: Will this show up as TWO foreclosures and a bankruptcy? If I get our lender to agree to “deed in lieu”, will THAT show up as a foreclosure?
I realize that these are both big stink bombs in our credit life. However, we are good people and have learned from our mistakes. I know it is going to take time to repair.