Posted on: 09th Dec, 2009 06:37 pm
i did a chapter 7 back in 04 and kept my house but did not sign a reaffirmation agreement.if i stop paying on it now and let it go back i was told that they cant do anything to me.because no reaffirmation was signed,and they will have to update my credit and remove it...is that true
thanks maximus
thanks maximus
i have recently filed chapter 7 bankruptcy not yet discharged before filing tried to do a debt consolidation. with just the basic house payment car payment already over budget. considering letting the house go need some advise?
Hi Ellie,
If you don't want to save the property, then you can surrender the property after your bankruptcy filing gets discharged. This will help you get rid of the property.
Thanks,
Jerry
If you don't want to save the property, then you can surrender the property after your bankruptcy filing gets discharged. This will help you get rid of the property.
Thanks,
Jerry
I filed bankruptcy in 2001 and reaffirmed on the house. I no longer live there and I owner financed the house and the check was returned that she had written can I still let the house go back?
Hi Paulette!
Welcome to forums!
If you let the house go back to the lender, then the lender will foreclose the property. As you had reaffirmed the mortgage, you will be liable for paying the deficient balance to the lender.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you let the house go back to the lender, then the lender will foreclose the property. As you had reaffirmed the mortgage, you will be liable for paying the deficient balance to the lender.
Feel free to ask if you've further queries.
Sussane
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