Forclose in bankruptcy - timeline?

[ItsJustMe]

Plant, I posted another thread but wondered if you knew . So does your 'rebuy' timeline start from the date of discharge, or when the mortgage company gets around to foreclosure? The attorney thinks it will be at least a year in our house from first missed payment (because CW is so overwhelmed w/them right now). We actually are more concerned w/getting it over w/and having the option to rebuy ASAP, and are worried that the foreclosure will drag on and hold us up by a few months.

[plantlvr]

Not sure what you mean by 'Rebuy time'? I'm not going to talk to CW until I get a NOD, I tried before and they just shot me down. My payments are (were) 1575 and that's with a fixed 30 year at 6.12 rate with 40k cash down!. So even though I don't have a ARM and my house has only depreciated about 60k, I can't afford the mortgage. I bring home only 2k, sooooo I'm just gonna see how it plays out. Renting looks kinda good to me as if the plumbing burst etc, I don't have to pay for it.
But since I did the bk my credit score is zilch, so saving for a sizeable deposit.

[ItsJustMe]

Hey. Sorry. I meant, time period before you can buy another home/take out a mortgage. I know it's 4 years....but it sounds like the foreclosure might be dragged on for many months/close to a year. So can you rebuy 4 years from bankruptcy (that includes foreclosure) or 4 years from final foreclosure?

[imbarbara6]

Well, I'm even more confused since there are other threads in this forum where it's said you can not use your mortgage in the means test unless you reaffirm it.

http://www.bkforum.com/showthread.php?p=274961#post274961

Too much conflicting information is very confusing.