Posted on: 07th Jan, 2014 11:49 pm
Hi, I filed for bankruptcy chapter 7 4 yrs ago and surrendered my house in the bankruptcy and I walked away from it. The render has not yet foreclosed the house and is still in my name. I am still paying the homeowners assoc fee monthly. I have been thinking of keeping the house and move in and then starting paying the mortgage. What do I need to do? do I need to call the render and see if they can allow me to get back my house without the render demanding the past balance post bankruptcy
It will not make much sense if you haven't reaffirmed your mortgage while in bankruptcy. Even if you pay the mortgage payments now, it won't get reflected in your credit report. Moreover, it will be the discretion of the lender whether or not he will give back the property to you.
By all means call the lender.
It never hurts to ask.
No lender wants to foreclose and own property.
It sounds like they have not yet foreclosed.
Unless you ask the lender, you have no idea what loan modification they might be willing to do rather than foreclose.
If they say "NO, you have your answer from them, not from us. We cannot answer for them. It is somewhat amazing you are still paying the HOA dues.
If you call, let us know here what they said.
Good luck!
It never hurts to ask.
No lender wants to foreclose and own property.
It sounds like they have not yet foreclosed.
Unless you ask the lender, you have no idea what loan modification they might be willing to do rather than foreclose.
If they say "NO, you have your answer from them, not from us. We cannot answer for them. It is somewhat amazing you are still paying the HOA dues.
If you call, let us know here what they said.
Good luck!
