Need Some Advice

[Dealer36]

I know this is probably the last thing I should be worrying about right now but....

I'm afraid that once I get in my Chapter 13 plan that I will not be able to sell my condo and buy a house (I really want a backyard for my animals and although beautiful it feels like living in an apartment sometimes). I don't know if I should try to sell my condo and buy a house before I file Chapter 13 or not. What a dilemma this is causing in my mind. I am ruining my good credit as I write this as I am nearing 60 days late on some of my payments and I don't know if I could even get another house considering my debt to income ratio (debt=$40,000 not including the house and income is about $52,000 a year).

If I did get another house it would be about $155,000 versus the $119,200 I paid for the condo so the payment would not go up but a couple hundred a month considering that my HOA dues are $143.75 a month that I would'nt be paying in a house. I don't know what to do as I don't want to be stuck in a chapter 13 and not be able to get a house for 5 years. I wouldn't mind waiting a year but 5 is a long time to wait. Argh...any advice would be greatly appreciated. Also, I have about $15,000 equity in my condo right now and my homestead exemption is $25,000.

Thanks.

[lrprn]

You already posted this question in your other thread - see my answer at http://www.bkforum.com/showthread.php?p=122607#poststop

In the future, please don't post the same question in two different threads. It's much better to keep all the responses you get in one thread plus typically you'll get more and better responses from members that way.