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Expert: John Hall - 6/22/2006


Question
My ex husband tried to file a chapter 13, and failed, then converted to a chapter 7, it is going to be terminated.  Throughout all of this ordeal his name has been on my mortgage for my house.(we both had houses before marrying).  Now that chapter 7 has failed for him I have been informed that the mortgage company is not only forclosing on his house but mine also.  I can't refinance, him not making his mortgage pymnts for the last year has killed my score by over 100 pts.  I called the mortgage company and they said there is nothing they can do, unless I hire an atty.  Can't afford a grand for that to start.  How bad off am I going to be if they forclose?

Answer
Lot of important facts here that are not apparent from your question.  For example, why is the chapter 7 being terminated, how much equity do you have in your house, if any, exactly what is the mortgage company suggesting that an attorney would propose to do for you, is it a priority for you to keep the house no matter what, which jurisdiction are you in (foreclosue laws in different states vary), etc.   How bad would you be off if they foreclose?    Depends on your particular situation.  Usually the procedure after foreclosure is to then do eviction proceedings -  but that doesn't necessarily happen right away.   There are just too many unanswered questions here without which it would be impossible to give you a good answer to your question.  If you are wanting to discuss your various options in more detail, please feel free to call me at this number 661  492-2673  I will not charge you just to talk on the phone.  It would be a lot easier for me to talk on the phone than typing everything out when I am not even sure exactly what it is you are asking.

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John Hall

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Law school graduate, Juris Doctorate (J.D.) Degree; Over 25 years of experience throughout the United States in bankruptcy law matters (Chapters 7, 11, and 13 of the United States Bankruptcy Code) primarily representing individual debtors with consumer debt or small businesses; Experience has included all aspects of debtor/creditor relations.

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FREE BANKRUPTCY HELP. If you are being sued, if your home is being foreclosed, or if you are being harassed by bill collectors, filing for bankruptcy may be a quick and inexpensive solution.. The mere filing of a bankruptcy will operate as a federal court order (it is called an automatic stay) to stop all bill collection efforts, including lawsuits that are pending or ongoing. Bankruptcy is a legitimate way to meet your problems with debt head-on. The bankruptcy law is designed to give you a second chance to make a new start without the psychological and financial burden of pressing debts that you are unable to pay. Depending on what state you live in and what your assets are, it is very unlikely that you are going to have to lose anything if you file for bankruptcy, and this is something that you can do immediately without having to pay the $500 to $1,500 attorney fees that most attorneys charge. Also, you might be surprised that you can file for bankruptcy and that it will not have the devastating effect on your credit that most bill collectors describe. Life is too short to have all this anxiety over losing your car through repossession, getting evicted from your home, or losing your home through foreclosure. Bankruptcy law was designed to give you a second chance. I will not charge you just to talk on the phone. Call me at 432 853-5711, or send me an email at j_h14@hotmail.com with your telephone number, and I will call you back.

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