Q: IN AUGUST OF 2017 MY WIFE AND I HAD TO FILE CHAPTER 7 AFTER 25 BUSINESS FAILED THE SBA FILE A REPORT ON CAVIRSNEED HELP
BASICALLY I HAD PAID DOWN $21000 ON A $36,000 BALANCE , AND I'AM TRYING TO OBTAIN A NEW FHA LOAN , WE REAFFIRMED OUR HOME AND AUTO LEASE PAYMENTS WITH THE BANK, BUT I WASN'T AWARE THAT THE SBA COULD BLOCK US FROM GETTING A NEW FHA LOAN BECAUSE OF THE BALANCE THAT WAS INCLUDED IN THE CHAPTER 7, I WAS TOLD THE NEW LAW IN 2012 SAID EVERYONE HAD TO BE INCLUDED MY WIFE AND I ARE 69 AND IT'S TAKEN ME A MONTH TRYING TO GET THE FRESNO CA. OFFICE TO REMOVE THIS NEGATIVE CAVIRS REPORT , AND THEY NOW TELL ME I HAVE TO PAY THE BALANCE OF $15800 PLUS APPLICABLE INTEREST TO GET ANEW LOAN , AND FHA IS THE ONLY WAY WE HAVE TO GO NOW --IT'S BEEN 21/2 YEARS SINCE WE FILED - WE HAVE --NEVER BEEN 30 DAYS LATE BEFORE OR AFTER THE 7 WITH OUR MORTGAGE YET WE ARE BEING TOLD THAT'S WHAT WE HAVE TO DO --SO WERE TOLD IT'S IS THE ONLY OPTION OTHER THEN WAIT 5 YEARS TO GET A NEW MORTGAGE --WHY CAN THE SBA DO THAT TO INDIVIDUALS WHO WERE FORCED INTO THE CHAPTER 7 --I THOUGHT THE 7 GAVE US A FRESH START?
A: Contact a California Bankruptcy attorney who’s can analyze the situation for you and direct you as to what to do.
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