How long before I have to move in GA

[stephenm]

I found out tonight I'm able to file chapter 7. I'm way above median income but my lawyer sent me an email saying I'm just make it, and that is without her using anything that might raise an objection.

I'm going to be giving up my place, and as a former real estate investor I know the process is only 4 weeks in Georgia once it is filed. I'm just wondering if maybe my lender will drag their feet on starting the process.

I'm current on my mortgage and was told to stop making payments since we are filing in the next week. The lender is countrywide and I'm in a condo, in downtown Atlanta with about 10 other units on the market.

Without the chapter 7, I figure I could stay at least 5 months. Miss 3 months, they accelerate 1 month, goes to the court house the next month. I just want to save enough for first and last month rent, a moving truck and emergency money. The longer I can stay, the more my emergency money grows.

I know it is different for everyone but I was just seeing if there was anyone else how was staying longer then 5 months.

Thanks,
Stephen

[Liz]

My friend, who lives in GA, was able to stay in her house for several months once she filed BK. I believe she filed BK in Sept/October, and moved into a rental house on February 1st. She stayed in her house up until she moved.

I also am going to file BK towards the latter part of this year or early next year, and my loan is also with Countrywide. The house tho was in FL. I now live in GA and my house here is also financed thru CW, but we are current on this mortgage and intend on keeping our home here. It is now our homestead. We stopped paying the mortgage in FL as of Jan of this year, and CW just (on 6/18) filed foreclosure proceedings. It'll probably be another 3 months or so before the house in FL actually gets sold at auction.