We have a house that we did not reaffirm upon our CH7 back in 2008 and continued to be current on the first mortgage but decided to try and settle on the second mortgage. The strange thing is that I tried many times to initiate a settlement agreement with the second mortgage company and they never wanted to settle. Well, I received notice that the second was completely forgiven... the lien release has already been filed with the county. At any rate, the market is excellent right now and we are looking to sell the house.
If we were to try and purchase a new house, would there be any obstacles from the underwriting because of the forgiven loan? I'm not sure where I would even try to find that information. Any help would be appreciated as we start on a new journey. Thanks!
If we were to try and purchase a new house, would there be any obstacles from the underwriting because of the forgiven loan? I'm not sure where I would even try to find that information. Any help would be appreciated as we start on a new journey. Thanks!
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