Your Home in Chapter 13 Bankruptcy

What Happens to Mortgages in Bankruptcy

A major concern for most homeowners contemplating Chapter 7 or Chapter 13 bankruptcy is how the bankruptcy will affect their mortgage. Although your mortgage company can’t raise your interest rate or change other loan terms, some homeowners filing for Chapter 7 bankruptcy will lose their homes if they’re behind on mortgage payments or can’t protect all home equity with a bankruptcy exemption. If you’re behind on your mortgage, consider Chapter 13. Chapter 13 bankruptcy helps filers bring homes out of foreclosure by providing a way to catch up on missed mortgage payments.

How to Value Your Home in Bankruptcy

Properly valuing your home in both Chapter 7 and Chapter 13 bankruptcy is important. In some situations, your home's value will determine whether you can keep it, or whether you can strip junior mortgages off. Here's how to value real estate in bankruptcy.

Chapter 13 Bankruptcy: What If I Have a Lot of Equity in My Home?

If you have a lot of equity in your home, filing for Chapter 13 bankruptcy can allow you to keep your home and reorganize your debts. But if you can’t exempt all of your home equity, you should expect to pay more into your repayment plan. Read on to learn more about how the equity in your home can affect your Chapter 13 payment.

Can I Keep My Home in Bankruptcy if I Am Behind on HOA Dues?

In most cases, if you are behind on your homeowners’ association (HOA) dues, the HOA can place a lien and foreclose on your property. Whether filing for bankruptcy can help you keep your home will typically depend on whether you file for Chapter 7 or Chapter 13 bankruptcy. What Is an HOA Lien? In

What Happens in Bankruptcy If I Am on the Deed to Someone Else's Home?

When you're on someone else's deed, it's important to know whether the house is at risk in Chapters 7 or 13 before filing for bankruptcy. The best course of action when you want to keep a house in bankruptcy is to talk with a bankruptcy attorney.