Home arrow Mortgage Forums arrow Mortgage Problems and Solutions arrow

How much does the chapter 7 protect me?

Author Message
Icon Mini Profile lauramariegrodsky





Joined: 16 Jul 2009

Posts: 5

3.14 Dollars($)
Post Posted: Mon Jul 20, 2009 3:52 pm    Post subject: How much does the chapter 7 protect me?
Like 0
Dislike 0

I live in California and did not reaffirm my home loan in my chapter 7 bankruptcy. If I walk away from my house and do a deed in lieu of foreclosure, will that be seen in my credit reports? What is the procedure of getting a deed in lieu of foreclosure? If I am going to buy another house, and if the deed in lieu of foreclosure will affect my credit score, should I wait until I buy the second house before I do the deed in lieu of foreclosure on the first house?
Icon Mini Profile aksh12th





Joined: 30 Jun 2009

Posts: 49

0.28 Dollars($)
Post Posted: Tue Jul 21, 2009 7:43 am    Post subject:
Like 0
Dislike 0

IF you want to save home then you can go to chapter 7 rather than bankcrupcy?
But if you go to this way , you affect u r credit. so try to avoid this way...

Thanks
Icon Mini Profile priyaforum





Joined: 21 Jul 2009

Posts: 26

3.34 Dollars($)
Post Posted: Wed Jul 22, 2009 7:50 am    Post subject:
Like 0
Dislike 0



Thanks
Priya

[System detected duplicate content, converted into image. Thanks.]
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Experts
Cliff Pape - market Analyst Cliff Pape
Market Analyst
Houston, Texas







Highlights
Related Readings
Bankruptcy
Mortgage Loan Modification
Mortgage after foreclosure
Avoid Foreclosure


Helpful References
Mortgage Terms
Mortgage News
Book Center
Mortgage Guide
Shop and Compare lenders


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool





Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.083 seconds.