“Dear Andy,

I am converting from chapter 13 to chapter 7 I am affirming my house but have 4300.00 in behind payments that I need help with.

Is there any company that will refinance my house coming out of chapter 7?

Jacquelyn”

Jacquelyn,

It will be very difficult if not impossible to find a lender able to refinance you fresh off of a bankruptcy. If you haven’t already you should discuss the delinquency with your bankruptcy attorney to see if there is anything he can do about the delinquency through the bankruptcy. Your attorney may also be able to discuss the option of modifying the loan with your lender when he/she contacts them. This could potentially capitalize the $4300 past due to the back end of the loan and let you begin making payments again with a clean slate.

Good luck and keep us posted with your progress in the comment section below.

Best Regards,

Andy is a licensed real estate broker in Massachusetts and is the founder of Northeast Properties in Norton, Massachusetts. His brokerage is designed to help homeowners in today’s difficult real estate market, specializing in short sales. Andy speaks with Massachusetts homeowners every day, helping them to address their questions or issues with short sale or loan modification. He enjoys helping consumers arrive at the correct solution to their problem, and believes that the only way to correctly do that is by presenting them with all of their options in an un-biased manner.

If you have a mortgage, short sale, real estate, or loan modification question you’d like to ask just use the online form. I’m happy to help you totally for free.