If you’re current, and can convince the lender that you can become current in short order, it’s unlikely that the mortgage company will pursue foreclosure against you.
That process is time consuming and expensive for lenders, so they typically prefer it when the existing homeowner can continue with payments.
They may be attempting to lift the stay so that they can continue to send you statements and other communications regarding your loan.
They may also ask that you reaffirm the mortgage, which reinstates your personal liability for it if you fall behind in the future.
In many cases, you can choose not to reaffirm your personal liability for the loan and stay in the home, paying your mortgage each month.
A bankruptcy lawyer can help you navigate the the bankruptcy process, especially when it comes to assets as important as you home.
Call Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation.