To start the process, first you need to find a mortgage lender that has expertise in dealing with bad credit mortgages. In a secured loan, you offer some asset as a security to the lender. Further, these borrowers also stand a chance of getting a hundred percent finance. However, Chapter 13 bankruptcy has additional rules which may help debtors. Many home owners were naive or overly optimistic when they entered the property market and paid inflated prices for property and took on mortgages that were above the borrower's real capacity to repay. By following this route, you will definitely get a bankruptcy mortgage refinance loan at lower interest rate with flexible repayment schedule. (There are exceptions for personal property, but not real property.). Thanks to the advent of Internet, you can easily implement this process. Repairing your credit is not that tough but it will not happen all of a sudden. Further, these borrowers also stand a chance of getting a hundred percent finance. Repairing your credit is not that tough but it will not happen all of a sudden. But what about the man in the street that is facing the prospect of personal bankruptcy, foreclosure and losing his family home and all the equity that he has or had in it. If you do not pay your monthly payments, your mortgage lender can and will ask that the "automatic stay" be lifted so that your lender can proceed with foreclosure. If you do not pay your monthly payments, your mortgage lender can and will ask that the "automatic stay" be lifted so that your lender can proceed with foreclosure. Once you finance your home, you should be able to get a second and third mortgage that will allow you to repay them. What the real estate broker does is suggest a short sale. By doing this, you will get an opportunity to qualify for a credit card. However, it is best to check with your lender before doing this since most lenders have regulations on where the down payment comes from. Thanks to the advent of Internet, you can easily implement this process. Bankruptcy And Mortgage Foreclosures are reaching epidemic proportions in the United States. At these times, it is best for you to go in for a secured loan. In a secured loan, you offer some asset as a security to the lender. However, there is still hope for being approved even with a recent bankruptcy. By searching around you will likely find a lender willing to help you with your mortgage loan. However, if there is not such a huge impact, then maybe it is better you do not refinance your mortgage. However, it is best to check with your lender before doing this since most lenders have regulations on where the down payment comes from. The Chapter 13 bankruptcy rule which helps most with mortgage foreclosure is the rule which allows you to pay the mortgage arrears over a period of time. On the crest of the current crisis, many estate agents are taking on the role of mediators between the home owner and the mortgage banks, to find a solution to the problem. Make sure that you pay all your bills on time. If you want to get a mortgage loan before the two year period is finished then you will need a pretty much flawless payment history since the time you filed for bankruptcy. If there is a huge reduction in the interest rate, then you should go in for it. If you want to get a mortgage loan before the two year period is finished then you will need a pretty much flawless payment history since the time you filed for bankruptcy. Borrowers, who are able to present an impeccable payment history even after bankruptcy, may be able to apply for mortgage before the stipulated two years period.