foreclosure calendar
I am filing chapter 7 in connecticut, has anyone been through this?
We have a house that is currently in foreclosure (because of I had to quit my job to take care of my youngest son’s health issues, we have 5 boys and we are also one of those fools that refinanced and has a subprime loan) and would like to keep our home. Our last resort was to file chapter 7. I would like to hear from someone who actually has been through this process, im sure there are alot because our court calendar has 283 just for that 1 date. After the bankruptcy is said and done, what happens? Did the bank work with you after to lower the payments. I would think they would rather work with us than to have the house sit there and get nothing. We do have a laywer but any advice, comments etc from someone who has actually exp this could sometimes be better worder than the legal wording the lawyer gives. I am scared to death to be homeless. This whole mortgage crisis in america is CRAZY! Thanks for any advice 
Your lawyer is the one who should explain everything in terms you can understand! Each person’s situation is different, and only your lawyer can give you specific, accurate advice.
Now how did you plan to pay the mortgage to keep the house out of foreclosure and out of the bankruptcy? What did you work out with the lender before you filed for bankruptcy? What arrangements did you make to continue paying the mortgage and prevent any arrearage going into the bankruptcy? You have to work with a lender before getting behind on payments and before filing for bankruptcy if you really want to keep that out of the bankruptcy. The lender can in some circumstances force foreclosure.
The biggest question only you can answer: can you really afford to stay in your home – even if it declines in value – or would you be better off renting a house? Start looking.
