Carleton, MI asked in Bankruptcy and Estate Planning for Michigan

Q: I filed bankruptcy how long can I live in the home without making payments before being foreclosed upon

I live in michigan.

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3 Lawyer Answers
Trent Harris
Trent Harris
Answered
  • Bankruptcy Lawyer
  • Jackson, MI
  • Licensed in Michigan

A: Default under a mortgage gives the lender the right to foreclose. The lender will file a motion for relief from the bankruptcy stay, and then they can go forward with the foreclosure. How long this takes before they do this depends on the lender.

As always, this is an answer to a hypothetical using limited information. Be sure to talk to a qualified attorney about your specific situation before taking any action.

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Case by case answer. As soon as probably 30 days to as long as 365 days.

Robert Keyes
Robert Keyes
Answered
  • Bankruptcy Lawyer
  • Ypsilanti, MI
  • Licensed in Michigan

A: Also depends on how far behind you are in payments.

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