Mortgage Forum

Mike

I am in the process of filing chapter 7 bankruptcy and want to keep my home.I will be 30 days late on my mortgage shortly after I file the chapter 7 simply because the bankruptcy costs so much. If I wait too much longer I may be opening myself up for law suits from creditors so time is of the essence. My lawyer is very vague and I am afraid to ask my mortgage company because they may not work with me if they know about the bankruptcy. Is it possible to keep your home after bankruptcy if you fall just a little behind? Wouldn't the bank rather have late payments than a home in this market? I could sell it but the realtor costs would eat up what is left of the equity since I would have to sell it cheap. Should I just let the house go in the bankruptcy and start over? Any advice would be helpful.