Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
You can keep your home in a chapter 7 case, if you can bring the loan current and continue with the regular payments due under the note. Unfortunately, there is no repayment plan in a chapter 7 case, so there is no way to force your mortgage company into a repayment plan if you fall behind. The chapter 7 will temporarily stop a foreclosure because the mortgage company will have to seek permission from the bankruptcy court before they will be able to proceed with foreclosure, but there is no long term protection from foreclosure in a chapter 7. If you can't bring the loan current and continue with the regular payments, then there is a chance that you can still lose your home in the chapter 7 case.
I hope you found this information helpful.