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Question Details Asked By Asked On
FORECLOSURE ON A HOUSE Anonymous 01/03/04
    IF YOU FILE FOR BANKRUPTCY AND THEN YOU ARE LATE WITH A COUPLE OF MORTGAGE PAYMENTS, HOW LONG DOES THE BANK TAKE TO FORECLOSE ON YOUR PROPERTY? IN OTHER WORDS, HOW LONG BEFORE YOU HAVE TO LEAVE THE PREMISES?

      Clarification/Follow-up by Anonymous on 01/04/04 2:19 am:
      HI AND THANKS FOR YOUR QUICK RESPONSES. WHAT I MEANT TO SAY IS THAT I HAD FILED FOR BANKCRUPTCY LAST YEAR AND IT CAME THROUGH IN JUNE OR JULY. (I'M NOT SURE EXACTLY)ANYWAY, I MADE A FEW (ABOUT 5 OR 6) PAYMENTS ON TIME AND THEN I FELL BEHIND 2 MONTHS. (MY ROOMMATE HAD A DRUG PROBLEM AND STOLE MONEY FROM ME.) ANYWAY I WANTED TO KNOW HOW LONG I WOULD HAVE NOW IF THE MORTGAGE CO. FORECLOSES. SOMEONE TOLD ME IT WAS ONLY LIKE A MONTH OR SO. IF IT MAKES ANY DIFFERENCE, I LIVE IN CONNECTICUT.

      Clarification/Follow-up by kkemper on 01/05/04 12:25 pm:
      it is feasible for u to keep the house.
      explain the situation. Sue the roommarte.
      do not allow him/her to get off.

      start making regular payments and make
      15% extra payments each month. U can keep your house. Also, ask if u can make 2 paymnts
      a month instead of one only.

      meaning split your paymeemts.

 
Summary of Answers Received Answered On Answered By Average Rating
1. The most that can happen is that the bankruptcy will delay a...
01/03/04 stevehaddockNo rating received!
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