Posted on: 20th Apr, 2012 11:21 pm
I am not on the house myself. She did a Bankruptcy under the old law. She asked to reinstate the house. The mortgage company didn't reinstate. She is still paying on the house. The BK lawyer checked the court record no reinstatement was found. So, is her house discharged, reinstated or in limbo? If discharged, can she walk out without the bank coming after her?
Thank you for this information in advance.
Thank you for this information in advance.
She can surrender the property and ask the lender to sell it off. This will help her to get rid of the property. She won't have to pay any further dues.