Your Home in Chapter 13 Bankruptcy

What Happens to Mortgages in Bankruptcy

A major concern for most homeowners who are contemplating Chapter 7 or Chapter 13 bankruptcy is how the bankruptcy will affect their mortgage. Although your mortgage company cannot raise your interest rate or change other terms of your loan, some homeowners filing for Chapter 7 bankruptcy will lose their homes if they’re behind on payments or have too much equity to protect with a bankruptcy exemption. Chapter 13 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?

Find out what happens if you file for Chapter 13 bankruptcy and you have lots of home equity.

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?

If you are on title to a house owned by another person and you file for bankruptcy, what happens to the home and how it will affect your bankruptcy depends on whether you have bare legal title (no real ownership of the property) or both an equitable and legal interest in the property. If you do have an equitable interest in the property, then the home becomes part of your bankruptcy estate.