Posted on: 17th Oct, 2010 07:08 pm
I filed a chapter 7 and have not been able to keep up the mortgage payments. I am currently 5 months behind. How soon after my discharge will my mortgage lender begin the foreclosure process. I live in the state of Illinois
Welcome wittw,
If you haven't reaffirmed the mortgage and want to get rid of the property, you can surrender the property to the lender now. You can ask the lender to foreclose the property asap so that you can get rid of it asap.
If you haven't reaffirmed the mortgage and want to get rid of the property, you can surrender the property to the lender now. You can ask the lender to foreclose the property asap so that you can get rid of it asap.