CHP 7 & timeline for foreclosure

[325Falcon]

Any update? Are you still in this home?

[HakunaMatata]

Keep in mind, foreclosure is a process. Even if the stay is lifted, you will still be entitled to your State's foreclosure timeline (ex/ sale publication, Sheriff's sale, redemption period).

[Tbornetun]

No, immediately. They can continue foreclosure as soon as the court signs the Order lifting the automatic stay. This will happen before discharge.

[Redwing]

I know the stay will be lifted, but do they have to wait until I'm completely discharged before the court decides that Chase can continue the foreclosure process?

[Tbornetun]

If they get the stay lifted, which they will, they can continue foreclosure as soon as the court signed the Order lifting the automatic stay.

[Redwing]

- We filed CHP 7 (no asset, and not keeping home)
- Haven't made a mortgage payment since Feb/09
- 341 meeting 10/15/09
- Chase Bank (1st mortgage holder) asked the court for "Automatic Stay" to continue the foreclosure process

Here's my question:

Does Chase now have to wait until I'm completely discharged (which would be approx 60-days after the 341 meeting,....12/15/09) before they continue the foreclosure process?

Thanks in advance for your answers!