Legal Question in Bankruptcy in California

Chpater 13 saving my home

1. I have been late on my mortgage for a year now and it hasnt been foreclosed yet. Last year I applied for modification and was denied then I decided to short sale the house, there was a buyer and now she recently backed out Since Obama is having these law that maybe I can save my house that why I want to file for chapter 13. I was going to file chapter 7 and was ready to file this week but I heard that this buyer backed out and today I just sent a modification letter to my bank maybe theres a chance to modify it. As far as I know my realtor said it was on review for short sale. but I really want to keep the house. can chapter 13 help me save my house since it hasnt been forclosed yet? what happens to the past due payment? I am planning to modify the payment because it went up because they advance my property tax. it went up so high. I saw an article about HR 3609? what difference between Hr 200 that hasnt been signed yet? Will any of these help me save my house? under chapter 13


Asked on 2/16/09, 1:39 pm

1 Answer from Attorneys
Carl Starrett Law Offices of Carl H. Starrett II

Re: Chpater 13 saving my home

If either law passes, it MIGHT be able to help you under your circumstances. However, the legislation is still pending and could be changed significantly. You need to consult a qualified bankruptcy to obtain advice on how the existed laws can help you and how the proposed laws might help you.

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Answered on 2/16/09, 2:16 pm


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