Posted on: 05th Aug, 2009 02:05 pm
We filed Bacrucpty in 03 and it was discharged in1/04. we dio not suppoidly owe the mortgage balance.but I have been making what I can now they want to forclose we owe more than it's worth.Can't they refi at 150,000.which we quilify for? bones123
hi sharylwest,
i guess you did not sign the reaffirmation agreement with the lender. it would have been better if you could have surrendered your property when your bankruptcy was discharged. though your bankruptcy was discharged, the lender still holds a lien on the property and can foreclose the property if you are unable to pay off the mortgage dues.
as far as refinance is concerned, you will have to negotiate with your lender. i don't think the lender would agree to it. however, you can definitely apply for a loan modification and check if he can modify the loan.
i guess you did not sign the reaffirmation agreement with the lender. it would have been better if you could have surrendered your property when your bankruptcy was discharged. though your bankruptcy was discharged, the lender still holds a lien on the property and can foreclose the property if you are unable to pay off the mortgage dues.
as far as refinance is concerned, you will have to negotiate with your lender. i don't think the lender would agree to it. however, you can definitely apply for a loan modification and check if he can modify the loan.