I am thinking about converting to a ch 7. I filed 13 to save my home but it will be best just to let it go. So if we convert to 7 how long until we have to get out of the house? Is it after the 7 discharge?
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Are you behind in your mortgage payments and if so, how many? The foreclosure process averages 7 - 9 months since there are tons of foreclosures going on. However, that is average and doesn't mean a thing. Foreclosures are generally started after 2 or 3 payments are missed and during that time you can stay in the house for several months. Discuss the matter with your attorney because it will take time to convert to a Chapter 7._________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket" -
We were like 4 months behind when we got the letter for the sale date. That is when we filed 13. I was thinking if we converted to 7
then the foreclosure would start where it left off. We have not paid the mortgage for this month yet.Comment
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So they will have to restart the whole foreclosure process from scratch?Comment
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No, they file for relief from stay and once granted, they'll proceed. How long it takes depends on the law in your state.Comment
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