2007-05-31 10:43:28 · 5 answers · asked by David L 1 in Business & Finance ➔ Credit
Without the bankruptcy, you would owe the deficit after a foreclosure sale. If the foreclosure happened before the bankruptcy The deficit would normally be included in the bankruptcy. The mortgage holder CAN'T foreclose during the bankruptcy. Bankruptcy causes an automatic stay on ALL collection efforts. Foreclosure is a collection effort.
2007-05-31 11:48:24 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
Here you can get rates: http://WWW.CREDIT-AND-FINANCE.COM , remember to compare before.
RE:If I file bankruptcy, and my house forcloses, if the house sells for less than what I owe, do I owe that $?
2014-06-28 04:21:01 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If you filed for bankruptcy, doesn't your "slate get wiped clean" of all your debts?
2007-05-31 10:50:39 · answer #3 · answered by Valerie 3 · 0⤊ 1⤋
I'm afraid so :S
2007-05-31 10:51:06 · answer #4 · answered by Momma B 2 · 0⤊ 0⤋
Yes you do!
2007-05-31 10:49:03 · answer #5 · answered by TedEx 7 · 0⤊ 0⤋