Legal Question in Bankruptcy in Indiana

Re: 2nd and 3rd mortgages

I am somewhat confused by your comment that the house is in foreclosure and that's ok. Do you intend to keep the house? if so, the reply posted yesterday will help you. But if you don't want to keep the house then you have to know which mortgages you reaffirmed on. If you didn't reaffirm the first mortgage, you wouldn't be personally liable for any deficiency debt, but because you reaffirmed the second and third mortgages, you would still be personally liable for any deficiency debt. Deficiency debt defined as money owed after the house is foreclosed or sold. Depending upon what you want to do, I would advise contacting an experienced bankruptcy attorney.

For any further discussion, you can contact me directly at (317) 916-2300.

Re: 2nd and 3rd mortgages

You can file a chapter 13 to save your house and stop the foreclosure-you need to hire experienced ch 13 counsel asap since you will have to cure the arrearage and it grows due to costs and attorney fees being incurred in the foreclosure.

Try to stay current with the 2d and 3d if you can so it will ultimately cost less in your ch 13 plan

If you need counsel, call Andrew Eberly at 317-685-2426 to schedule a free initial consultation