Posted on: 06th May, 2013 06:48 am
my question is i was approved for loan mod.been making payments for last 6 months. i have just filed chapter 7 bankruptcy and i am not going to reaffirm house loan..will this effect my loan mod. in anyway shape or form?
Hi dmills!
Welcome to the forums!
The loan modification may not be affected now as you have already received it. Now that you're not reaffirming the mortgage in your bankruptcy, you are not personally liable for the payments. You can surrender the property and get rid of it.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
The loan modification may not be affected now as you have already received it. Now that you're not reaffirming the mortgage in your bankruptcy, you are not personally liable for the payments. You can surrender the property and get rid of it.
Feel free to ask if you've further queries.
Sussane
Hi dmills,
You can even have a word with your bankruptcy attorney and he may be able to let you know whether or not your loan modification will be affected due to bankruptcy filing.
Thanks
You can even have a word with your bankruptcy attorney and he may be able to let you know whether or not your loan modification will be affected due to bankruptcy filing.
Thanks