chapter 7 bankruptcy: 5 Alternatives to Foreclosure
- 01/11/13 01:39 AM
If you ignore your financial problems, they won’t go away. Be proactive when facing foreclosure and you could avoid it. Foreclosure is scary, but it can be avoided. If your mortgage payments are too high or your income is too low, foreclosure isn’t your only option. Consider these 5 alternatives to foreclosure that might work for you: 1. Ask for forbearance and make the payments later. If you are stuck in a temporary jam, you can try calling your lender and asking for forbearance, which means that the lender will give you a few more months to catch up on … (0 comments)
chapter 7 bankruptcy: Buying A Home Seven Years After A Chapter 7 Bankruptcy? It May Still Affect Your Credit
- 11/04/09 07:49 AM
Q: I am buying a house as a co-borrower. I declared Chapter 7 bankruptcy more than eight years ago. I have provided my lender with a copy of the petition and the discharge along with 180 billion other documents he requested. It has been more than seven years after the bankruptcy filing, do lenders still have the right to ask for the copy of my bankruptcy paperwork? A: Probably. First, a bankruptcy filing can stay on your credit history for up to 10 years. So at eight years, it probably hasn’t fallen off of your credit history, which is why your … (2 comments)
If you ignore your financial problems, they won’t go away. Be proactive when facing foreclosure and you could avoid it.
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