Please help with question about bankruptcy to avoid foreclosure! Thanks!
Posted by steve on August 26, 2003 at 12:08:05:
I'm interested in anyone's advice on bankruptcy and foreclosure. From my research thus far, it seems that the lender doesn't really want my home any more than I want them to take it. I'm currently in foreclosure, with sale imminent. I've made a written offer to my lender to roll in the delinquency and continue accepting normal payments. I've read that the "loan mitigation authority" of the bank would rather re-structure my loan to roll in the delinquent payments than take possession of the property. The question is twofold: 1)Does anyone know how to play hardball with the lender, or am I at their mercy? I don't want to file a bankruptcy because of the negative credit ramifications, but would to save my house.2) Is bankruptcy really that horrible?Thank you very much for your reply.
- Yes, bankruptcy is that horrible - HousesPlus 13:13:08 09/13/03
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- Re: Please help with question about bankruptcy to avoid foreclosure! Thanks! - Jim V 19:37:07 08/26/03
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