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How to Sell a House With a Reverse Mortgage
How to Refinance a Home After Bankruptcy
How to Calculate a Home Equity Line of Credit
Steps to Refinancing Your Mortgage
How to Pay Off a Reverse Mortgage Early
How to Obtain a Reverse Mortgage
How to Refinance a Home With a Judgment on the Title
How to Buy Back Your House After Filing Bankruptcy
How to Determine if Refinancing a Mortgage Will Save Money
After filing bankruptcy, the only way to get a house back would be to buy it back for the amount of the lo… More
Both mediation and arbitration are alternative dispute resolution procedures that can be resolved without … More
Foreclosure mediation is a great way to take a foreclosure and make it right. Through the mediation proces… More
Conflict between organizations, domestic partners, or individuals can often reach a point where resolution… More
File for bankruptcy as an individual debtor by hiring a professional bankruptcy lawyer, gathering informat… More
Bankruptcy can be filed if a person is married in ways that may or may not affect the credit rating of the… More
An unsecured claim in bankruptcy means that the bankruptcy filer will not receive any money until all the … More
After filing for bankruptcy, the best way to survive is by living in a cash world before attempting to reb… More
Items subject to purchase money security interest, allow the creditor the right to recover that property f… More
A secured claim in bankruptcy means that the bankruptcy filer is secured to a specific item or items of th… More
A Chapter 7 bankruptcy is also known as a liquidation bankruptcy because non-exempt assets are taken from … More
Student loans cannot generally be discharged with a bankruptcy filing, but a separate motion can be filed … More
Binding arbitration is a process through which an independent third party serving as an arbitrator is hire… More
Summary: After filing bankruptcy, the only way to get a house back would be to buy it back for the amount of the loan plus any interest due. Discover how to buy a home back through foreclosure with help from a financial services manager in this free video on buying back a house.
Matthew McKillen brings 21 years of industry experience in arranging loans for his clients. He has worked in financial services senior management positions in mortgage banking...read more
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"Well, when you've filed bankruptcy, usually the reason people file bankruptcy, is to tie it into maybe foreclosure because there's a foreclosure proceeding on their home. Generally what happens in a foreclosure, is the bank files with the court that you haven't made your payments and a lot of times a homeowner will file bankruptcy in order to force their lender into trying to put a plan together to get them back on track. Now, if you file bankruptcy and you still don't continue to pay your mortgage, the mortgage company can actually file for what's called relief from stay which still allows them to foreclose, continue to foreclose on your house. So, really the only way to redeem that loan or get your house back would be if they did go to sell on your home at the courthouse steps, usually they go to sell for the amount of your loan plus any interest due, and any legal fees they've incurred. Now, if you're able to come together with a cashier's check for whatever that amount is, maybe eighty thousand dollars at the courthouse steps on the day of your sell, then you can in essence pay off your loan and retain ownership and buy your house back. So, in regards to the bankruptcy portion, that's a way to try and rearrange your debt, but if you don't pay it, you would probably have to buy it back through foreclosure."
eHow Article: How to Buy Back Your House After Filing Bankruptcy
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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