Foreclosure during Chpt 13

[jherron]

My husband and I filed Chpt 13 in April 2008. Our mortgage is paid through the BK plan. We have decided to get a divorce and let the house go. Here's my question: If a house is foreclosed on during an active BK, how does the foreclosure appear on your credit? Is there a hit on the credit report for the forelcosure or will i only see the BK?

Thanks!

[jlmaca]

My husband and I filed Chpt 13 in April 2008. Our mortgage is paid through the BK plan. We have decided to get a divorce and let the house go. Here's my question: If a house is foreclosed on during an active BK, how does the foreclosure appear on your credit? Is there a hit on the credit report for the forelcosure or will i only see the BK?

Thanks!

Yes, my guess is your credit was trashed when you filed Chap 13. Another hit will be the foreclosure but not huge. Then it should be a new beginning.