If my house go into foreclosure, can i profile ruin, can i still hold on to my house?
Answers:
Not anymore contained by Florida below a chapter 7
Possibly below a chapter 13 you may where on earth you restructue debts
no - and chiefly not surrounded by todays marketplace..
you have need of to homestead this property to protect it...consequently if you wallet ruin...it is protected.
appropriate luck :)
NO, but it may alteration the auction date and confer you a bit more time and no you can't homested it and profile collapse and liberate your home. The lender is still going to foreclose and your still going to loose your home unless you can engender up adjectives final payments and fees.
Homesteading and liquidation won't retrieve teh house, merely paying your mortgage will do that. The guard owns it, and they are taking it put money on unless you repay them as you said you would.
I have a lender convey me just now that it's easier on your credit to own a foreclosure than a ruin. Ask an attorney or an accountant to capture some expert counsel. My suggestion would not be to profile collapse unless you KNOW that you'll be capable of hold on to the house. If adjectives you're doing is stalling the foreclosure after you'll lose the house and also own a liquidation on your register.