Do I still have to pay on my loan if my house goes into foreclosure in illinois?

My house is goung into forclusure and I want to know if I still have to pay on my loan or should I go and file bankrupcy?

...asked on October 3rd, 2011 @ 2:00 am in Loan - Home

Thumb up 0 Thumb down 0

Filing bankruptcy will DELAY the foreclosure. You won’t get out of the mortgage without losing the house. You CAN’T make payments on the mortgage without making ONE payment that will bring you current on the loan. They will actually RETURN partial payments.

...answered by STEVEN F on October 3, 2011 @ 2:18 am

Answer This Question

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Please note that answers are heavily moderated to maintain a high quality level within this site. Quality answers will appear much quicker than low quality answers. Thank you.