I got a reply to a question about filing ch 13 and this person said go for it saying they got a house financed 1 year into the plan? That doesnt sound right to me. Also, i live in the state of LA. under forced heirship laws that apply in my case. I also cannot refinance or take a line of credit without their consent and i havent got my succession payerwork started to remove deceased off record so stuck in filling ch 13 or debt consolidation through cccs. Besides, who is going to finance me anyway oweing paid credit?
2007-02-17 09:01:13 · 3 answers · asked by confusiongirl 1 in Business & Finance ➔ Renting & Real Estate
I don't know how the other person that answered you before got financed, but I am guessing a not so scrupulous lender and a very high interest rate.
No reputable lender would give anyone a loan still in chapter 13. In a Ch 7 bankruptcy a lender will not lend you any money till it has been two years since discharge.
Either of your options is viable. You have to decide which one is better for your situation.
2007-02-17 09:27:24 · answer #1 · answered by ♥ Mary ♥ 4 · 0⤊ 0⤋
The only time we get a house financed while in chapter 13, is a refinance, take the money out of the house and pay off the chapter 13. If you take yourself OUT of chap 13, it can be done, but you interest rate will be sky high. Step up to your plate, hunker down and pay off the chap 13. Make your financial future everything you dream of. Don't get caught up by shiney things. You are on the right track.
Good Luck
2007-02-17 09:07:02 · answer #2 · answered by batwanda 4 · 0⤊ 0⤋
Sorry I can,t help you I live in Canada
2007-02-17 12:43:54 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋