Foreclosure Aurora
I’m in California, Do I wait till I go in Foreclosure to file for bankruptcy?
I don’t have a FHA loan, but should I file for bankruptcy for protection, in order to get my mortgage company to reduce my payments on my home, I modified my loan like 8 months ago, and payment went up, instead of down, and they told me take it or leave it.. so I took it.. But 99% of my income goes to my mortgage payment. I am 2 months behind for like 6 months now, but they keep saying they will take my home.. I’m sick of the threats.. Should I file for bankruptcy now, or later. But I am not in foreclosure yet.. I have Aurora Loan Services (yes, don’t tell me…all I hear is bad news..)
You will have to forfeit the house if you file bankruptcy, it will not force the bank to do anything at all.
You might need to file after the foreclosure, because they may be suing you, you should wait until then.
Aurora Loan Servicing, LLC v Morell foreclosure — Orange County Pt 1.
