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reaffirming mortgage

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mgt3boys Joined: 30 Jul 2011 Posts: 1 1.26 Dollars($)	Posted: Sat Jul 30, 2011 7:09 am    Post subject: reaffirming mortgage Like 0 Dislike 0 We reaffirmed our mortgage. What should we expect if we walk away from our house now, 2 years after chapter 7 discharge?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Jul 31, 2011 8:13 pm    Post subject: Like 0 Dislike 0 Hi mgt3boys, As you've reaffirmed your mortgage, the lender will foreclose the property if you stop making the payments and walkaway from it. Also, the lender will come after you for the deficient balance resulting from the sale of the property. Thanks

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