Is it impossible to get a mortgage after a forceclosure?
I am currently filing a chapter 13 bankruptcy, and I talked to 2 different lawyers who suggest that I let my mortgage go into foreclosure. I am not late on my mortgage payments, but I am upside down in my loan. My place is literally a money pit. I need to have this place rewired, my water heater just went out. My lawyer suggests that I surrender my home, and rent a place for a few years. he thinks that I should be able to get a mortgage in 3 to 5 years. What do you think?