Hello all,
File Chapter 7 in 2006 and was discharged in 2007. Didn't reafirmed any of my two mortgages and they show discharged in BK 7 in 2007.
I'm underwater with a 7.2 interest rate and bank said I did not qualify for a modification.
My credit is good. I want to walk away and buy a new home but need to save it up for an FHA down payment in a new home. I will stay in the home after stoping payments to save up.
My name and wife's still on the deed but I only used my credit to purchase the home and I was the only one filling for chapter 7.
I've applied for a mortgage with a company and they asked me if I deeded out of the property included in BK.
I was wondering if there will a problem getting a mortgage before they forclose my home and if the bank that ownes my home will come after my wife after we walk away.
Any help with this will be greatly appreciated!
File Chapter 7 in 2006 and was discharged in 2007. Didn't reafirmed any of my two mortgages and they show discharged in BK 7 in 2007.
I'm underwater with a 7.2 interest rate and bank said I did not qualify for a modification.
My credit is good. I want to walk away and buy a new home but need to save it up for an FHA down payment in a new home. I will stay in the home after stoping payments to save up.
My name and wife's still on the deed but I only used my credit to purchase the home and I was the only one filling for chapter 7.
I've applied for a mortgage with a company and they asked me if I deeded out of the property included in BK.
I was wondering if there will a problem getting a mortgage before they forclose my home and if the bank that ownes my home will come after my wife after we walk away.
Any help with this will be greatly appreciated!
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