Photo by Ronnie George on Unsplash. Chapter 13 works with the pandemic’s mortgage payment forbearance process so that you can sell your home if and when you’re ready to do so. Last week we showed how Chapter 7 helps you take advantage of the pandemic foreclosure moratorium when selling your home. Today we show how it works even better with … Read More
Photo by Kent Rebman on Unsplash. When selling your home during this foreclosure moratorium rollercoaster, Chapter 7 bankruptcy maximizes your sale price and protects sale proceeds. In the last two blog posts we presented 10 ways bankruptcy significantly helps you take advantage of the foreclosure moratorium. One of those ways—from two weeks ago—was in the context of selling your home. … Read More
Chapter 7, in the right situations, buys time to sell your home. It may buy only a couple of crucial months, or sometimes much longer. Our last several blog posts have been about using bankruptcy to either prevent various kinds of liens hitting your home or deal with those liens if they happen. For example, in the last few … Read More
If you are behind on your mortgage and want to sell, you may be able to delay the home sale for years and pay the arrearage out of the sale.
In a Chapter 13 case you can schedule to sell your home as part of the court-approved plan, or leave it more flexible.
Have the flexibility to sell your home when you want, giving time for it to add equity, while keeping creditors away from that equity.
Protect the equity in your home from your creditors through either of the consumer bankruptcy options.
Falling behind on property taxes can have serious consequences, but does not necessarily mean you should hurry to sell your home.
If you owe a bunch of income taxes, and have a tax lien on your home, it’s tempting to try to fix everything by selling your home.
Bankruptcy can buy you a few more months or even several years, so you can sell your home when you’re financially and personally ready.
One way that bankruptcy–Chapter 13 in particularâ–could save you a tremendous amount of money is with a second (or third) mortgage strip.
If you’re hurting financially and getting pressured to sell your home, first get bankruptcy advice to potentially save you lots of money.