Posted on: 20th Feb, 2010 03:41 pm
we went through a chapter 7 bankruptcy that was discharged in 2007. we are still living in and have been making payments on the home whose mortgage was discharged however i recently lost my job and we can no longer afford the payments on this home. is it possible to obtain a new mortgage for a smaller, cheaper home whose payments we could afford and then let our current home go into foreclosure? and what ramifications would we be faced with?
I should also add my husband still is working and has steady income that could be used toward qualifying for new mortgage it was only my income that was lost.
Hi Guest,
Your query has been replied to in the given page:
http://www.mortgagefit.com/inprocess/about35165.html#151608
Take a look at it. I hope it will help you.
Your query has been replied to in the given page:
http://www.mortgagefit.com/inprocess/about35165.html#151608
Take a look at it. I hope it will help you.