How Can I Keep My House?

READER QUESTION

What can I do if I don't want to lose my house?

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Bills.com Resident Expert
Dec 12, 2011
BILL'S ANSWER

Unfortunately, you have not provided me with much information to best answer your question. If you are struggling with the mortgage payments you may want to contact your lender and look at possibly doing a loan modification. A loan modification can lower your monthly payments on your mortgage. See the Making Home Affordable web site to get started on a mortgage modification.

You mentioned that you filed for bankruptcy in 2009. Chapter 13 bankruptcy is specifically designed to keep homeowners in their homes, whereas Chapter 7 is not. I hope you consulted with an attorney when you filed. If so, I encourage you to speak with your attorney regarding your mortgage and bankruptcy, and whether the bankruptcy has any effect on your mortgage.

I hope this information helps you Find, Save, and Learn.

Best,

Bill

www.bills.com/blog

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