My HELOC matures in September 2012...My Chapter 7 discharged in Sept 2011 and I didn't reaffirm with the lender (BofA)
Since the loan wasn't reaffirmed will they still ask for total payoff at the time of maturity (100k)? Or, will they deal with it in another way?
I won't have the cash to pay them off and I'm afraid I won't be able to refinance it with them or any other bank since I recently discharged.
I'm afraid they may foreclose since I still have plenty of equity in the home, definitely enough to satisfy the debt.
Will my first lender step in?
Any advice would be greatly appreciated.
Since the loan wasn't reaffirmed will they still ask for total payoff at the time of maturity (100k)? Or, will they deal with it in another way?
I won't have the cash to pay them off and I'm afraid I won't be able to refinance it with them or any other bank since I recently discharged.
I'm afraid they may foreclose since I still have plenty of equity in the home, definitely enough to satisfy the debt.
Will my first lender step in?
Any advice would be greatly appreciated.
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