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Home Equity loans were discharged in chp 7

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dkimball55 Joined: 10 May 2011 Posts: 1 1.38 Dollars($)	Posted: Tue May 10, 2011 9:56 am    Post subject: Home Equity loans were discharged in chp 7 Like 0 Dislike 0 If My Mortgage and Home Equity loans were discharged in a recent Bankruptcy and now I cannot sell my home due to it being under water I owe about 25,30,000 more than what it’s worth. I have been upto date the entire time on both mortgages and have remained so. Both mortgage billings each month carry the Bankruptcy Disclaimer that :"This is not an Attempt to Collect". Thanks to anyone who knows this answer (I tried to work out a home loan mod but was denied due to DTI. However , I can’t afford to keep up with the payment even though they think I can what can I do to get my payments lowered? Or should I just walk away and wait until I am give the eviction notice? All help and suggestion welcome. Btw I lost my Job in march 2010 and am still unemployed.
jameshogg Joined: 20 Dec 2005 Posts: 10443 Location: Nevada 984.98 Dollars($)	Posted: Tue May 10, 2011 9:18 pm    Post subject: Like 0 Dislike 0 Hi dkimball, If you haven't reaffirmed the mortgage in your bankruptcy filing, then you won't be legally responsible for paying the debts. You can walkaway from the property and the lender won't be able to come after you for any payments. He will foreclose the property in order to recover as much dues as possible. Thanks

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