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I am struggling with the math for a foreclosure after
Second opinion] Hi - I am struggling with the math for a foreclosure after bankruptcy - I am behind on my mortgage and HELOC payments and after CH 7 Bankruptcy will face strict foreclosure (was grante… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,720 satisfied customers
I filled 7 bankruptcy in 2013 it was discharged in 2014. I
I filled for chapter 7 bankruptcy in 2013 it was discharged in 2014. I have a home and a HELOC . We have missed no payments on the regular mortgate choosing to continue to make the payments after the … read more
CalAttorney2
CalAttorney2
Attorney
Doctoral Degree
8,845 satisfied customers
I live in CA, my BK was discharged in 2011. I am still
I live in CA, my BK was discharged in 2011. I am still paying my line of credit home equity line of $250K but found out today upon review of my credit report that this was included in my BK and discha… read more
socrateaser
socrateaser
1,031 satisfied customers
CustomerONLY!!!!! I have a client who has a first and
SOCRATEASER ONLY!!!!! I have a client who has a first and a second on his current occupied residence. The second is an old HELOC with Bank of America. He did in fact file Chapter 7 which was discharge… read more
socrateaser
socrateaser
1,031 satisfied customers
I had a chapter 7 discharged in 2009. I did not reaffirm 1st
I had a chapter 7 discharged in 2009. I did not reaffirm 1st mortgage or HELOC. Last year I refinanced the 1st at a better rate. I would like to re-do the HELOC (or keep it the same) and take out some… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
I have the following with my credit union (Senate Federal Credit
I have the following with my credit union (Senate Federal Credit Union): Home Equity Loan - 45,000 balance Credit Card - 5,000 balance Personal Unsecured Loan - 10,000 balance My first mortgage balanc… read more
socrateaser
socrateaser
1,031 satisfied customers
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
Fritz
Fritz
Attorney
209 satisfied customers
I filed bankruptcy in 2010 and was discharged in 2011. All
I filed bankruptcy in 2010 and was discharged in 2011. All along I have continued to pay on an equity line. Interest only. If I quit paying what are the consequencies? The monthly statement says "this… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
I am filing for bankruptcy in CA with a Chapter 13 in order
I am filing for bankruptcy in CA with a Chapter 13 in order to save my home. I already obtained a permanent mod on my 1st mortgage but am unable to make payments on my 2nd (HELOC). My question is: eve… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
I filed Chapter 7 in 9/2009 against a large corporate bank that was taken over by another
I filed Chapter 7 in 9/2009 against a big bank that was taken over by another during the market collapse. They held the 2nd/HELOC on my home. It is now 2 years after Bankruptcy and my BR lawyer tells … read more
FiveStarLaw
FiveStarLaw
Attorney
Doctoral Degree
477 satisfied customers
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
J.D.
7,967 satisfied customers
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
cfortunato
cfortunato
J.D.
7,967 satisfied customers
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
FiveStarLaw
FiveStarLaw
Attorney
Doctoral Degree
477 satisfied customers
You answered ..the collections agency would have to file an
You answered "..the collections agency would have to file an objection in bankruptcy court if they wish to argue for any proceeds," would I have any defenses if the collections agency as assignee to t… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
I will likely file personal bankruptcy since I am a personal
I will likely file personal bankruptcy since I am a personal gaurantor on a $5 million loan. I have been told that I could keep my home by reaffirming the debt, however it is underwater approximately … read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,720 satisfied customers
I received a chapter 7 dicharge i September of last year and
I received a chapter 7 dicharge i September of last year and was able to keep my home with mortgage now been paid on the 1st of the month. I did however have a equityline of credit, that was included … read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
We filed for Chp 7 bankruptcy in June 2009. The BK was discharged
We filed for Chp 7 bankruptcy in June 2009. The BK was discharged in Oct 2009. We desired to reaffirm our 1ST AND 2ND mortgage TD with our lender. Both mortgages are with HSBC. In Aug 2009, the bankru… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,720 satisfied customers
My residence has a first mortage of $145k and an HLOC of $184K.
My residence has a first mortage of $145k and an HLOC of $184K. The home is now worth $250k. If I file chapt 7 bankruptcy, what becomes of the HLOC loan. I wish to remain in my home. I live in Arizona… read more
Terry L.
Terry L.
Attorney
Doctoral Degree
2,720 satisfied customers

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Meet the Experts:

Terry L.

Terry L.

Attorney

2,720 satisfied customers

Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.

cortrightlaw

cortrightlaw

Attorney

513 satisfied customers

Attorney practicing Bankruptcy Law including Chapter 7, Chapter 11, Chapter 12, and Chapter 13.

JoeLawyer

JoeLawyer

Attorney

376 satisfied customers

Attorney in the practice of Bankruptcy Law since 1996

A.J.

A.J.

Attorney

262 satisfied customers

Experienced consumer bankruptcy attorney.

Fritz

Fritz

Attorney

209 satisfied customers

Florida attorney with extensive experience in Chapter 7 and Chapter 13 consumer bankruptcy cases

Law Girl

Law Girl

Attorney

153 satisfied customers

I am an attorney.

Paul K, Esq.

Paul K, Esq.

Attorney

141 satisfied customers

10 years Exp., Great customer service, Prompt responses.

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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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