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Mortgage Discharge question

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    #1

    Mortgage Discharge question

    1. If i get a discharge and do NOT reaffirm my mortgage and a few months down the line i have to let the house go...will a foreclosure be on my credit?

    2. If i have two mortgages that have been discharged and i do NOT reaffirm them...what happens if i dont pay the 2nd mortgage? Is it okay to only keep the first mortgage? What happens in this scenario?
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    #2
    How much do you owe on the 1st & 2nd mortgages?

    What's the appraised value of the house?
    Stopped Payings CC's: 8/14/2009 | Retained Attorney: 9/23/2009 | Filed CH 7: 12/7/2009 | 341 Meeting: 1/21/2010 - Complete | Discharged: 4/9/2010
    "One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth."

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      #3
      Originally posted by NY1 View Post
      1. If i get a discharge and do NOT reaffirm my mortgage and a few months down the line i have to let the house go...will a foreclosure be on my credit?

      2. If i have two mortgages that have been discharged and i do NOT reaffirm them...what happens if i dont pay the 2nd mortgage? Is it okay to only keep the first mortgage? What happens in this scenario?
      No it will not show up as a foreclosure it will show as IIB even if you keep paying.
      Chapter 7 07/30/2008
      341 09/17/2008
      Discharge 11/21/2008

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