Note: I posted on Foreclosure board, but thought I might get more help over here.
So, I have been reading like crazy, but this stuff is just so much over my head!
We are filing for BK (Ch 7) the first week of August and have retained a lawyer already. We are CURRENT on our mortgage and have never defaulted. From what I understand, Texas moves fast on foreclosures and getting you out of the house quickly.
Please, someone who understands this issue please tell me what YOU would do in our shoes. We want to stay in the house as long as possible to save up money for a move that will ease our financial situation greatly. We figure if we are already going to ruin our credit with the BK, we might as well get rid of the high debt house and start over. Sure would like to save some money on mortgage payments along the way...
Sorry in advance if I did not give enough information and sorry for playing the "airhead" card too!
Thanks!!!!
So, I have been reading like crazy, but this stuff is just so much over my head!
We are filing for BK (Ch 7) the first week of August and have retained a lawyer already. We are CURRENT on our mortgage and have never defaulted. From what I understand, Texas moves fast on foreclosures and getting you out of the house quickly.
Please, someone who understands this issue please tell me what YOU would do in our shoes. We want to stay in the house as long as possible to save up money for a move that will ease our financial situation greatly. We figure if we are already going to ruin our credit with the BK, we might as well get rid of the high debt house and start over. Sure would like to save some money on mortgage payments along the way...
Sorry in advance if I did not give enough information and sorry for playing the "airhead" card too!
Thanks!!!!