Bankruptcy and Mortgage Loan?
Tarheels asked:
If my fiance files bankruptcy how does that affect our mortgage loan, we are not behind on it at all and don’t want it to be effected.
Viola
If my fiance files bankruptcy how does that affect our mortgage loan, we are not behind on it at all and don’t want it to be effected.
Viola
July 20th, 2009 at 8:03 pm
Leroy
You should discuss that with a bankruptcy attorney “before” she files to see what your options are, because once she files, the bank legally may not be able to discuss it or send statements.
July 24th, 2009 at 6:56 am
Maria
It would depend on what can be worked out. I would get with a bankruptcy attorney to see what can be done. The other issue here is that if the fiance does file, your talking at least 2-3 years that they can apply for a mortgage, and that’s assuming they’ve rehabbed their credit. If you try to refi or buy, you will have to do it on your own, the bankruptcy will be a big red flag to the lender. Good luck
July 26th, 2009 at 10:41 am
Gilbert
Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: