Posted on: 22nd May, 2010 07:42 am
I filed bankruptcy and it was finalized in September of 2009 we did sign an reaffirmation....what will happen if foreclosure on my home happens now due to financial difficulties and situations that have arised and not being able to afford the house. what are my options if any?
Hi,
As you have reaffirmed the mortgage, if the property is foreclosed by the lender, he will come after you for the deficient balance resulting from the sale. I would suggest you to contact your lender and inform him about your financial situation. He may help you with some options.
As you have reaffirmed the mortgage, if the property is foreclosed by the lender, he will come after you for the deficient balance resulting from the sale. I would suggest you to contact your lender and inform him about your financial situation. He may help you with some options.