walk away fromhome

[jlaperch]

can i walk away from my house without further repercussions to my credit and my life?

I am discharged from chapter 7 and did NOT reaffirm my house but continue to pay


I am considering walking away because the house is just too expensive and renting seems like a better option at this point.

2 of three credit reports show the mortgage as part of BK. The third does not but i am disputing that.

any thoughts are appreciated

[debtprison]

It probably will affect your credit but then again you are already filing BK. My advise: Go into survival mode. Do what you need to do to survive. Try to save money. Don't worry about your credit report.

[jlaperch]

my bad communication skills strike again...i am out of BK...discharged in nov. Just wonder on a go forward basis

[car67]

My understanding if your discharged and not reconfirmed on the mortgage you cant be held liable if you walk

[LimpDisc]

Pretty sure you can just walk away at any time being you didn't reaffirm. I would live there payment\rent free until they give you the boot.

[jlaperch]

kinda what i thought...it makes so much logical and financial sense to do so but man is it a weird proposition....and i always wanted to move anyway.

[liboton21]

For BofA, how long can you live rent-free?

[jlaperch]

varies state to state from what i read but 6 months on average

[liboton21]

cool...I can save a lot of money then. thanks.

[jlaperch]

yeah me too if i show any kind of discipline that i guess i didn't have before