Post-discharge, foreclosure, non-re-affirmed, Georgia
Sorry, posted this in another thread, but thought it might get "lost" in that thread...
Ok, making sure I understand the "rules"...
Live in Georgia, Ch 7 discharged 7/11, did not re-affirm my primary home loan, still living in that home and current on the mortgage.
If I want to "bail" on current house and it forecloses, does the foreclosure appear as a legal "judgment" (on future credit report) since I no longer have the non-re-affirmed mortgage appearing on my current credit report? Then I'd technically have to wait some time period (> two years from foreclosure date) to get a conventional mortgage on a different property?
Not sure of the connection between my non-re-affirmed mortgage and the legalities of a foreclosure post-discharge in Georgia...
Ok, making sure I understand the "rules"...
Live in Georgia, Ch 7 discharged 7/11, did not re-affirm my primary home loan, still living in that home and current on the mortgage.
If I want to "bail" on current house and it forecloses, does the foreclosure appear as a legal "judgment" (on future credit report) since I no longer have the non-re-affirmed mortgage appearing on my current credit report? Then I'd technically have to wait some time period (> two years from foreclosure date) to get a conventional mortgage on a different property?
Not sure of the connection between my non-re-affirmed mortgage and the legalities of a foreclosure post-discharge in Georgia...