Getting a Mortgage After Bankruptcy
We all need a place to live, and you may wonder if it will be possible to obtain a mortgage after you’ve been granted debt relief from bankruptcy.
We all need a place to live, and you may wonder if it will be possible to obtain a mortgage after you’ve been granted debt relief from bankruptcy.
If your loan is in default or you haven’t made your payments over some time period and you’re about to lose your house, you can – by filing a Chapter 13, you can stay the foreclosure of your house.
My name is Rick Ellis, and I have been practicing law since 1979 here in Sarasota. I would estimate I’ve had approximately 5000+ cases at this point. Chapter 7's and chapter 13's are what I focus on, and today we'll discuss which is right for you.
If you are looking to file bankruptcy, it is likely to eliminate your debt - or at least gain some control over it. You may wonder what actually happens to your debt in this process.
Many people are worried about filing bankruptcy for reasons of privacy. Many people are worried that their employer or boss may find out and somehow use this against them.
Contrary to popular belief, you don't have to lose everything when you file bankruptcy. In fact, if you have equity in your residence, your Florida homestead exemption may be able to help you protect your investment.
Although it may seem overwhelming, there are basically two types of bankruptcy that you can consider for filing - Chapter 7 or Chapter 13.
Even though bankruptcy happens more frequently these days, many people still have questions regarding the process. Precisely what is bankruptcy, and what are your options for debt relief?