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lbrown912 started a blog post Can Mort.comp. report a Foreclosure when house as in Bk ch 7Can Mort.comp. report a Foreclosure when house as in Bk ch 7
I filed ch 7 in 3/08 and was discharged in 7/08never reaffirm house but I'm ketp up payments. Now i want to leave house because it's costing me money in repairs. If i walk away, can the mortgage comp. report it has a foreclosure on my credit report. It will be 2yr after discharge and i want to buy a new home.-
#1zenia commentedEditing a commentI was told by my attorney that i could walk away from my home any time i wanted , after my Bk. My guess is that because you filed the Bk , you dont have to worrie. But thats a good question. I need to look that up.
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#2denisec commentedEditing a commentThey won't come after you personally, they can foreclose, and if next lender checks he can find your foreclosure in public records. It's a question with varying answers but it basically gets looked at like a deed in lieu, so your seasoning period would be 3 years from Chapter 7 discharge. That's assuming your credit is perfect since then, you have downpayment etc. FHA right now is best way to go.
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