Posted on: 24th Jun, 2011 01:41 pm
MY BK WAS DISCHARGED (7) AND MY REAL ESTATE SERVICER DID NOT REAFIRM THE DEBT FOR MY CURRENT HOME. I HAVE BEEN MAKING THE MORTGAGE PAYMENTS ON TIME. HOWEVER, THEY ARE BECOMING TO MUCH FOR ME. IF I WALK AWAY FROM THIS HOME DOES THE SERVICER HAVE ANY RECOURSE. THEY WERE INCLUDED IN BK AND LIQUIDATED.
What state do you live in? Some states allow, some dont.
Hi COUVAHZ!
Welcome to forums!
As you haven't reaffirmed the debt, you won't be liable for making the payments to the lender personally. If you walk away from the property, then the lender will be able to foreclose the property but he won't be able to come after you in order to collect the deficient balance.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you haven't reaffirmed the debt, you won't be liable for making the payments to the lender personally. If you walk away from the property, then the lender will be able to foreclose the property but he won't be able to come after you in order to collect the deficient balance.
Feel free to ask if you've further queries.
Sussane
