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Potential for foreclosure is high. Before or After BK?

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    Potential for foreclosure is high. Before or After BK?

    Upside down in house. Not sure if we should/can stay based on financials and a strategic analysis. Is there any reason why we can't or shouldn't postpone that decision until after we file for BK?

    #2
    We listed "keep house pending successful load mod" on our statement of intentions. We filed a 7 a couple of weeks ago. Our lawyer doesn't intend to pursue a mod until after discharge. hope this helps?

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      #3
      The sooner you make the decision, the sooner you will know whether to keep making the mortgage payments. You could be throwing a lot of money away if you eventually decide to walk.
      LadyInTheRed is in the black!
      Filed Chap 13 April 2010. Discharged May 2015.
      $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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