Stop paying our 2nd mortgage?

[laurannm]

We were Ch 7 discharged\closed in Oct of last year, and did not reaffirm either of our two mortgages. At this point, our 2nd mortgage is completely unsecured. What if we decided to stop paying the 2nd mortgage? Would they even bother foreclosing since they have zero equity to go after? I know they couldn't come after us personally because of the Ch 7.

Thanks

[HHM]

We have actually had quite a few threads discuss this topic already. I don't have time to do a search but try Chapter 7 lien strip. Maybe someone else can track down the threads for you.

[laurannm]

Great, thanks...I'll search around

[bkadvisor]

Great, thanks...I'll search around