Legal Question in Bankruptcy in California

Hi I have been trying to get my loan modified due to hardship and really my home is dropped 300,000 less than my loan of 600,000. 4 years ago my home was valued at $980,000 yes I can puke. Anyhow the servicing company would not do it and suggested we short sale our home. We CAN afford our payment but they had told me they cannot help me unless we are in forclosure. Yes that is what they said of course on the phone not on paper but I do have the agent who told me so name.
Lot of good that will do.
Anyhow I got the Notice of Default and today we recieved the Subsitution of Trustee
My husband is the only one on the deed. I found out that just means they want someone else to handle the sale. But I do not want to get out or sell my home.
I have a really nice home! Can I claim Chapter 13 .
Thanks Charline

Asked on 9/14/09, 2:16 pm

Diane Singleton-Smith Singleton Smith

0 users found helpful

0 attorneys agreed

Charline,

You need to call a bk attorney who can ask you many more questions to determine if Ch 13 is right for you.

Answered on 9/19/09, 6:56 pm

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