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If I file bankruptsy and I surrender my house in forclosure do I have to pay the difference in the noten sale?


If I file bankruptsy and I surrender my house in forclosure do I have to pay the difference in the noten sale?

going to depend on your financial situation and that will be determined by the trustee of the bankruptcy court.

a bankruptcy attorney is the only one that can best advise you of your plan of action

It really depends on the type of Bankruptsy you're filing... There are also some different laws in different states.

I would suggest doing an online search for a local Atterny to ask, they'd have the best answers for this, because of the different local laws.

No, I don't think so. My dad's house was foreclosed on a few years ago adn he filed for chapter 7, but I don't think he was ever billed for or held liable for the difference. Each state may have different laws, though.

bank will probably still come after you when they eventually sell it for whatever money they lost plus any missed payments you might have

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