Bankruptcy after foreclosure?

Question

My house is about to be foreclosed (in 6 days) so...

Once the house is foreclosed and sold, do I have to pay back the difference?

If I file for bankruptcy after it is foreclosed do I still have to pay back the difference? (it is gonna be huge).

Thank you and I hope to hear from you as soon as possible.

Answer 1

There are actually companies that will work with you to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!

Answer 2

I disagree. I believe California is the only state that prevents lenders from collecting the difference.

If you are going to file, do so before the foreclosure if you want to keep the house. Bankruptcy will delay the foreclosure and allow you to reorganize your debt. You should contact a lawyer that specializes in bankruptcy as soon as possible.  

Answer 3

No, you dont have to pay the diff. It is no longer yours so you dont have to pay for something that you dont even own. I wouldnt file for bankruptcy, theres no point at all.

Hope that helped!!!!

PLZ answer mine!

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