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Question regarding Mortgage and Foreclosure

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    Question regarding Mortgage and Foreclosure

    Ok , this may be a dumb question. I was just wondering I filed chapter 13 on dec 31,2010 and I decided to let my townhome go into foreclosure included in the bk.
    Does chapter 13 prolong foreclosure? I know in Illinois it is 7 months from when you receive your foreclosure papers which I received in Oct 2010 but I was just wondering if it is going to slow down the process since I filed Chapter 13.

    thank you,

    #2
    We are doing the same thing. Filed 12/23 and first payment I didn't make on the house was Jan 1. OUr atty didn't say i would slow or speed things up. He advised that we'd likely have 3 months minimum before anything would start. We are hoping for six. Quite a few people I know that are going foreclosure (but no BK) have been out of their homes fo 6-7 months and NOTHING has been done.
    Filed ch 13 12/23/10; closed 3/14; refiled ch 7 on 4/13; 341 on 5/13; reaffirmation 7/11 (denied); 7/14/11 DISCHARGED

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