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can chase short sale our home

Posted on: 21st Oct, 2010 09:34 pm
is it too late to file for bankruptcy. we fell behind due to job and travel trying to work with them for sometime keep putting in paper work now today was told we dont make enough to afford the house.my family is large the commute to work kills us and we really dont want to lose the house what can we do.
hi dybbie,

chase can short sale the property if you do not pay off the mortgage dues. you can file chapter 13 bankruptcy and reorganize your debts. this will also help you in saving your property. however, it's always better to contact an attorney and take his opinion in this matter. he will guide you as to which chapter of bankruptcy filing will be best suited for you.
Posted on: 22nd Oct, 2010 02:50 am
Can they stll stay in the house if they file for chap 13.?
Posted on: 22nd Oct, 2010 07:22 am
hi kingno,

chapter 13 helps in reorganizing the debts. the person filing bankruptcy won't lose his or her home if he or she files it. check out more information on chapter 13 from the given page:
http://www.mortgagefit.com/bankruptcy/chapter13.html

thanks
Posted on: 22nd Oct, 2010 11:52 pm
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