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My ex wife and held a primary and a heloc with of a. I redid
My ex wife and held a primary and a heloc with b of a. I redid the primary loan under my name only but we left the heloc in both. After our divorce she filed bankruptcy and the heloc was discharged. Q… read more
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Good morning, Back in 2009 we filed Ch 13. This December will
Good morning, Back in 2009 we filed Ch 13. This December will be our last payment to the trustee. During this process, we had a 2 mortgage that we didn't pay on since the filing, then the CU got bough… read more
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I am trying to determine whether Chapter 13 Bankruptcy is right
I am trying to determine whether Chapter 13 Bankruptcy is right for us. I am currently employed as an adjunct college instructor making varying income between $600 and $1800 monthly - I have been unab… read more
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But arent I required to do a reaffirmation or redemption plan
But aren't I required to do a reaffirmation or redemption plan with them? I have called them dozens of times and the calls take over an hour and leave me cussing. they transfer me 4-6 times and no one… read more
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I am stuck on schedule C with my house (the one I want to exempt).
I am stuck on schedule C with my house (the one I want to exempt). I put the value of $245,000.00 as "CURRENT VALUE OF PEROPERTY WITHOUT DEDUCTING EXEMPTION" and then I have a first of $252,000.00 and… read more
wallstreetfighter
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Thought I already "asked" this, but I guess it didnt go through... Questi
Thought I already "asked" this, but I guess it didn't go through... Question-- In addition to my primary mortgage(about 125k), I have a HELOC with athe different bankplaces that's maxed out.(94k) Just… read more
TJ, Esq.
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We are 15 months into chapter 13. House value is 280000, 1st
We are 15 months into chapter 13. House value is 280000, 1st mtg is 70000, Heloc is 150000. Heloc and 1st are agreed to pay outside of plan. The Heloc went to charge off, lender stated to pay each mon… read more
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I have a first mortgage with Bank of America and a HELOC loan
I have a first mortgage with Bank of America and a HELOC loan with the credit union. B of A is offering me the opportunity to Short Sell my home. How will the HELOC be handled? What will I be up again… read more
cfortunato
cfortunato
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Hi..my husband and I were discharged on Jan 25, 2011...we reaffirmed
Hi..my husband and I were discharged on Jan 25, 2011...we reaffirmed our first mortgage only...We have a heloc lien on our property at 133,000 our first mortgage we owe 330,000,,the homes in our area … read more
wallstreetfighter
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I completed and my chapter 13 case was discharged on 1/5/2011.
I completed and my chapter 13 case was discharged on 1/5/2011. I contacted Bank of America to find out how to proceed with my regular payments starting in February 2011. I have a 1st mortgage and home… read more
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If my wife files bancruptcy for her LLC business, as her husband
If my wife files bancruptcy for her LLC business, as her husband is my 401K and property in jeopardy? If so, how do I protect my assets?… read more
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cfortunato
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I can no longer pay for my boat loan. My wife and I were
I can no longer pay for my boat loan. My wife and I were making $406K per year when we purchased the boat 3 1/2 years ago, and now with her lay off and my pay cut, we make $165K a year. Thus, with our… read more
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We have filed a chapter 13 bankruptcy. We currently have a
We have filed a chapter 13 bankruptcy. We currently have a home that we owe 160,000 on and a HELOC that we owe 60,000 on. Our chapter 13 payment is $750 a month, which is high for us. We have a child … read more
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I filed Chapter 7 bankruptcy in Florida. I want to keep the
I filed Chapter 7 bankruptcy in Florida. I want to keep the home, am current on mortgage payments. House value is @$250k, 1st mortgage balance is @140k and HELOC with Wells Fargo is @$150k. Since "any… read more
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We recently filed for bankruptcy this past April. Our attorney
We recently filed for bankruptcy this past April. Our attorney said we didn't make enough money to qualify for Chapter 13 so we did a 7. We had credit card debt and a HELOC. Everything but the HELOC w… read more
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i have 2 loans im modifying the first the 2nd is a heloc that
i have 2 loans i'm modifying the first the 2nd is a heloc that has been discharged in Oct. I filed bankruptcy and that's been discharged on the 2nd of December. If I modify the first loan can the bank… read more
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Our current 1st mortgage is more then the value of the home.
Our current 1st mortgage is more then the value of the home. Our second mortgage is a HELOC. We are in the middle of filing for BK and were told by one lawyer that the HELOC is now unsecured and can b… read more
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We bought investment property at the wrong time. We will be
We bought investment property at the wrong time. We will be foreclosing on 3 houses. We also put the downpayments for the 3 pieces on our HELOC which is now maxed at 200K from the equity in the home w… read more
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Meet the Experts:

Terry L.

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Paul K, Esq.

Paul K, Esq.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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