A mortgage lien stays with the house. If you walk away from the house, the lien doesn't follow you. You won't have to deal with the bank and they can't come after you for any money post-bk so long as you did not reaffirm the debt. If you want to keep the house, at some point you'll want to get rid of the lien. (Or live under the threat of foreclosure). That's what people are doing when they settle their second mortgages.
The lien itself doesn't appear on your credit report (the way a judgment lien would). The debt that the lien secures will appear on your credit report but once you file bk the trade-line should read $0, IIB.
The lien itself doesn't appear on your credit report (the way a judgment lien would). The debt that the lien secures will appear on your credit report but once you file bk the trade-line should read $0, IIB.
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