Convert to 7, still Foreclosure?

kneedeep

Junior Member

Joined: Oct 2007

Posts: 8
#1

Convert to 7, still Foreclosure?

10-09-2007, 03:22 PM

Mortgage company filed motion to lift stay, which they got it lifted on 9/26. My husband and I are going to convert from chapter 13 to 7. Will the foreclosure go through and be listed on our credit report since we are converting? If a lender pulls our report will it show bk and foreclosure or just bk?

Thx for any feedback..
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lrprn

Senior Member

Bankruptcy Guru

Joined: Apr 2006

Posts: 9546

State: Kansas
#2

10-09-2007, 07:06 PM

Originally posted by kneedeep View Post

Will the foreclosure go through and be listed on our credit report since we are converting? If a lender pulls our report will it show bk and foreclosure or just bk?

Since your home was listed as a part of your Ch 13, when you convert to Ch 7, your credit report should show your mortgage as IIB or included in bankruptcy.

I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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