Q: Will I be able to keep my home if I file for chapter 7 bankruptcy and will the lien on my home be removed? Thanks
Generally, as long as you timely pay any debt secured by your home, you should be able to keep your home.
Generally, any valid lien on your home will remain until the debt secured by the home is paid.
If you fail to pay a valid debt secured by your home, the lender can ask the bankruptcy court to lift its stay so the lender can proceed against the home as collateral.
Timothy Denison agrees with this answer
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