I’m underwater and in Judicial Foreclosure and I‘m thinking on converting my condo into a rental property then hire a lawyer to file Chapter 13 to stop the Judicial Foreclosure and to get the principal reduced to market value...Is this possible? If yes, would the bank pursue the deficiency against me? Do I have to rent the place for six months before filing for Ch 13 or can I do it right after I rent it? Will the court require the cash flow to pay off the property in six months (5 years)?
Las Vegas, NV - 11 months ago
Asked in Ashburn, VA - about 4 years ago
Received 1 answer
Asked in Ashburn, VA - 11 months ago
Received 4 answers
Asked in Ashburn, VA - over 3 years ago
Received 2 answers