Upside Down Mortgage

Loan Modification Credit Card Debt

Question: In Ca.if you declare bankrupt,you lose your home?

I have a huge credit card debt,I try loan modification but don't qualified due to my debt,my only option is bankrupt .Do you know any way to keep the house,if you continue doing mortgage payments

Answer: Your house is exempt in a bankruptcy if you are not behind in your house payment. If your are behind the bank can foreclose, but the bankruptcy would slow down the foreclosure process.

Point...if you don't name your house lender in the BK you will be able to keep your home as long as you continue to make the payments.

Arizona Loan Modification

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