Posted on: 03rd Aug, 2009 08:29 pm
Got discharged, included home Mortgage in it, house worth $200k, loan is $400k.
GMAC is a pain in the butt, should I pull up stakes and leave (5 kids, 3 in school), and try to buy another house for less?
GMAC is a pain in the butt, should I pull up stakes and leave (5 kids, 3 in school), and try to buy another house for less?
hi kdowhower,
what type of a bankruptcy did you file? if you filed chapter 7 bankruptcy and got the mortgage reaffirmed, then you will have to pay the dues as per your payment plan. if you've not reaffirmed the loan, then you can surrender the property to the lender.
take care.
what type of a bankruptcy did you file? if you filed chapter 7 bankruptcy and got the mortgage reaffirmed, then you will have to pay the dues as per your payment plan. if you've not reaffirmed the loan, then you can surrender the property to the lender.
take care.
kdowhower
welcome to mortgagefit,
This is really a bad situation but I think you should think about bankruptacy.This will be the best option as you owe more than 200K for nothing....
keep in touch...
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welcome to mortgagefit,
This is really a bad situation but I think you should think about bankruptacy.This will be the best option as you owe more than 200K for nothing....
keep in touch...
:arrow: :arrow: :arrow: