Elawyers Elawyers
Asked in FL May 19, 2022 ,  0 answers Visitors: 1
There is a reverse mortgage on my 83 year old mother's house, which is maxed out. Her only income is from social security, and she cannot pay credit card companies. She is being called daily, and now Citibank is suing her to collect $15,000. Can she file bankruptcy and keep the house? She does not own a car.
Data From  LAWGURU_Question

1 Answers

Anonymous
Reply

Posted on / Aug. 11, 2011 07:54:00

Based on the facts described in your inquiry and assuming her bankruptcy would be filed under Chapter 7, she would not be able to retain the house which is secured by a mortgage without a renegotiated mortgage or other resolution worked out with the mortgagee.

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer