Refinancing Mortage during Bankruptcy…?

One Response to “Refinancing Mortage during Bankruptcy…?”

1. golferwhoworks says:

   September 28, 2010 at 9:33 am

   ok here is the truth. No you cannot refinance this note as you have not stayed current with the trustee for 12 months. And in any event he or she would had to grant permission and brought you current in the bankruptcy as well to even be considered for this action.
   No one here should tell you what to do but the court may do it for you since you cannot get current within in the time frame the court will dismiss the case and then you either go seven or refile the 13 starting over. In any event all will report in public record so then you will have to wait 10 years to buy again since you will have multiple bankruptcy petitions on file.
   If I were in your shoes I would convert to a 7 in this filing and let the house foreclose and rent for 4 + years and get myself financially ready to buy in the future with down payment and closing cost in hand as well as a fully funded emergency fund of not less than 6 months living expenses.
   Sorry but this is the truth about your situation

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