question about Foreclosure:

[Elchulo71]

hi,i received my DISCHARGE on 9/22/2005 but now my problem is the company where i working for went out business, now my question is if i let my house go for Foreclosure after all that what would happens after reaffirmed for second mortgage would i get in to more legal problems with the court?

[sobroke]

I'm not for sure, but it is my understanding that if you reaffirm something, then you are liable for that no matter what! I really hope everything works out for you, but I don't think it looks good. Please let us know.

[Lightning]

No legal trouble. You'll just have to pay back the reaffirmed debt. If you don't, you can be sued.

[Genenco]

hi,i received my DISCHARGE on 9/22/2005 but now my problem is the company where i working for went out business, now my question is if i let my house go for Foreclosure after all that what would happens after reaffirmed for second mortgage would i get in to more legal problems with the court?

I'd suggest you chat with the lawyer you dealt with. He'd be better suited to answer this question.

[EdytaHome]

If you reaffirmed that means you had not discharged the debt and you promised to pay it. You're stuck with it, best try to sell the house asap. Keep current on your payments and try to do a short sale, this way if you do not have enough equity at sale, the mortgage company may forgive you the difference.