Posted on: 28th May, 2010 03:24 pm
when you file chapter 7 and they dont take any of your property.how long after you file bankruptsy can you sell any assets nessary?
Welcome giggler,
If you do not reaffirm the mortgage while you are in bankruptcy filing, then you can walkaway from the property and let the lender foreclose it. The lender will not come after you for the dues. If you have reaffirmed the mortgage, then you will be responsible for the dues. You can sell off the property immediately but you will have to pay off the dues of the lender as well.
If you do not reaffirm the mortgage while you are in bankruptcy filing, then you can walkaway from the property and let the lender foreclose it. The lender will not come after you for the dues. If you have reaffirmed the mortgage, then you will be responsible for the dues. You can sell off the property immediately but you will have to pay off the dues of the lender as well.