We are 1 year into a Chapter 13 where we surrendered our home and moved into a rental with a 2 year lease.
Mortgage is with Bof A and second is with a local CU (a real pain in the a**).
The home is worth close to the first mortgage but has no equity for the second so I want to be able to strip the second through the BK 13.
When I spoke with the BK department of Bof A last week I was told they are no hurry to reclaim the property and it could be until after my discharge from BK (5 years) until they do anything.
I am thinking about seriously about moving back into my "old" home and including it in my BK with the first as secured and the 2nd as unsecured.
Curious if any on here has done this and if so was their BK started over??
Thanks for any "informative" replies.
Mortgage is with Bof A and second is with a local CU (a real pain in the a**).
The home is worth close to the first mortgage but has no equity for the second so I want to be able to strip the second through the BK 13.
When I spoke with the BK department of Bof A last week I was told they are no hurry to reclaim the property and it could be until after my discharge from BK (5 years) until they do anything.
I am thinking about seriously about moving back into my "old" home and including it in my BK with the first as secured and the 2nd as unsecured.
Curious if any on here has done this and if so was their BK started over??
Thanks for any "informative" replies.