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| Bankruptcy in Denver, Colorado |
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Are these terms familiar to you?
Can’t refinance
ARM
2nd Deed of Trust
Subprime
Homequloc
Negative Equity
Upside Down
Mortgage crisis
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Colorado Bankruptcy& Your House
In Colorado bankruptcy you can either keep your house and rid yourself of your other debt which allows you to save the house and make the payments.
OR
Surrender your house and discharge any deficiency.
OR
In certain bankruptcy cases, if there is no equity, you can obtain a court order that you do not have to pay the 2nd deed of trust.
If you give up the house and walk away you will be sued for the deficiency. Bankruptcy will resolve that deficiency .
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