How Your Mortgage Shows Up On Your Credit Report After Bankruptcy – Your Mortgage Was Discharged. In most cases, your personal liability to pay your mortgage was discharged at the end of your Chapter 7 bankruptcy. That means if you fail to pay, the lender can forclose but isn’t allowed to come after you for the deficiency after the foreclosure sale. It means you owe $0 on your mortgage.
Can I Refinance a Mortgage That Was Discharged in Bankruptcy. – ASK LEON Bankruptcy expert leon bayer answers real-life questions. Dear Leon, I filed bankruptcy in 2009. One of the debts discharged in the bankruptcy was a mortgage with Wells Fargo. Upon the advice of my lawyer, I did not reaffirm the mortgage in the bankruptcy. I kept my house, and I have stayed current on my mortgage.
Home Affordability Modification Program Guidelines The HAFA Program – Foreclosure Alternatives for Homeowners. – The home affordable foreclosure alternatives (hafa) program is for borrowers who, although eligible for the government home affordable modification Program (HAMP), are not able to secure a permanent loan modification or cannot avoid foreclosure.
Basic Consumer Bankruptcy Information – New Bankruptcy Law: It is very important to understand that for cases filed after October 17,2005. The failure to list assets or the disposition of assets can result in the denial of your discharge.
Can I reaffirm my mortgage after the discharge – Q&A – Avvo – Can I reaffirm my mortgage after the discharge of my bankruptcy, its been five years since the discharge. My bankruptcy was discharged in 2011, we didn’t want to reaffirm the mortgage at that time. We have remained in home paying monthly. We wanted to modify the mortgage but we didn’t know if we.
But he continued to make his mortgage payments, and is still living there. (When you do not reaffirm your mortgage in bankruptcy you can continue to live in your home as long as you make your.
What Happens if I Don't Reaffirm My Mortgage After Bankruptcy. – Your bankruptcy discharge extinguishes the promissory note you signed at the time you took out your mortgage. You no longer owe it unless you reaffirm the loan, and you can’t keep the home unless you keep paying on the note even though you’re no longer legally obligated to do so.
Mortgage discharge reaffirm – Helpersofhouston – Can I reaffirm on my house after a bankruptcy discharge. – He did not bother to get the letter from the lender because he was lazy. there is additional paper work with info about your mortgage.
Academy officer heavily in debt – The Navy is considering administrative punishment, which could include an other-than-honorable discharge and. she also signed a loan "reaffirmation" agreement, consenting to repay $15,300 to.
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Lawrence Rubin, Attorney’s Chapter 13 Frequently Asked. – As you can see, the longer you wait, i.e., the closer you get to sheriff’s sale, the more the plan will be. Therefore, the best time to file a chapter 13 is before a foreclosure starts.