Posted on: 10th May, 2009 10:23 pm
Will I have any problems if I will foreclosure right after reaffirming my mortgages in chapter7?
Hi borborigm,
You won't face problems in letting the property go into foreclosure though you reaffirmed your debts under Chapter 7. If you do not pay the mortgage dues according to the reaffirmation agreement, the lender will have the right to foreclose the property.
You won't face problems in letting the property go into foreclosure though you reaffirmed your debts under Chapter 7. If you do not pay the mortgage dues according to the reaffirmation agreement, the lender will have the right to foreclose the property.