californiamama
11-05-2006, 07:20 AM
my husband and i had 2 homes before bk and lost one when we filed. my husband and I are only 26 and 28 and have decided we have a lot of time to rebuild our credit and are thinking of foreclosing our current home and just rent. My question is, the condo we lost took 7 mos to foreclose, will our house take that long? If we dont make the payments for 7 months, will the court question us why we didnt make the payments? Also arent we allowed to modify the plan, meaning , i have to increase my monthly budget to make sure that the court doesnt take every extra money I have. Has anyone been through the same thing ?
