We own a home, since 2004, that was our primary residence until 2/2010. DH was transferred and we had to move out of state. Luckily we found good tenants that signed a 2 year lease. Our home has a notice of sale for May and we will be filing BK in April (have to wait for a Bonus to fall off). We have every intention of keeping the home, as we will be moving back there by the end of the year. We really like our tenants and don't want them to stress out or have 5000 people/phones calls about the house. Is there anything I can do so that people won't bother the tenants? I have told them to not worry about the house. If everything failed and nothing went they way that I have been planning for months then they have at least 6 months till they are 'possibly' kicked out by the banks. Since I don't intend for it to happen that way, what can I say or do to ease their minds?
On a side note. We are planning on including the home in the chapter 7, then sign a loan mod on the first and settle the second. Anyone have experience on that? I know it's risky, but we'll give it our best shot.
On a side note. We are planning on including the home in the chapter 7, then sign a loan mod on the first and settle the second. Anyone have experience on that? I know it's risky, but we'll give it our best shot.
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