Have You Gone Thru Foreclosure & Chapter 7?
February 24th, 2010 - ByPosted in Avoid Foreclosure
We recently filed Chapter 13 to avoid foreclosure, but now I am thinking about letting the house go and changing to Chapter 7? We can’t afford the house mtgs, taxes and insurance on our reduced salary. Question – in a chapter 7 can the creditors (?) come in and take stuff from your house? If so, what are they looking for – high ticket items? We do not have any. Husband is afraid they will come in and take all kinds of stuff. I disagree. With all the foreclosures coming down right now, they do not have the time or expense to chase all these down.
What about the 2 cars we are behind on payments on?
Has anyone gone thru this?
One Response to “Have You Gone Thru Foreclosure & Chapter 7?”
February 24th, 2010 at 2:39 pm
Sorry to hear you are going through such a tough time. If you have equity in your house or cars you should sell them. Your mortgage lender can only repossess your home, not take your household items.
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