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    walk away fromhome

    can i walk away from my house without further repercussions to my credit and my life?

    I am discharged from chapter 7 and did NOT reaffirm my house but continue to pay


    I am considering walking away because the house is just too expensive and renting seems like a better option at this point.

    2 of three credit reports show the mortgage as part of BK. The third does not but i am disputing that.

    any thoughts are appreciated

    #2
    It probably will affect your credit but then again you are already filing BK. My advise: Go into survival mode. Do what you need to do to survive. Try to save money. Don't worry about your credit report.
    Disclaimer: I am not a lawyer nor giving legal advice. Use at your own risk.

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      #3
      my bad communication skills strike again...i am out of BK...discharged in nov. Just wonder on a go forward basis

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        #4
        My understanding if your discharged and not reconfirmed on the mortgage you cant be held liable if you walk
        Started in Chapt 13 Switched to Chapt 7 Discharged 2009 Dec.........Filed New Chapt 13 in 2010 to deal with new surgery bill and stripped second mortgage! The story continues

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          #5
          Pretty sure you can just walk away at any time being you didn't reaffirm. I would live there payment\rent free until they give you the boot.
          Stopped Payings CC's: 8/14/2009 | Retained Attorney: 9/23/2009 | Filed CH 7: 12/7/2009 | 341 Meeting: 1/21/2010 - Complete | Discharged: 4/9/2010
          "One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth."

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            #6
            kinda what i thought...it makes so much logical and financial sense to do so but man is it a weird proposition....and i always wanted to move anyway.

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              #7
              For BofA, how long can you live rent-free?
              File BK7: Jan 4, 2010
              Reschedule 341: Mar 16 2010
              Discharged: Apr 22 2010
              Closed: May 6, 2010

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                #8
                varies state to state from what i read but 6 months on average

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                  #9
                  cool...I can save a lot of money then. thanks.
                  File BK7: Jan 4, 2010
                  Reschedule 341: Mar 16 2010
                  Discharged: Apr 22 2010
                  Closed: May 6, 2010

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                    #10
                    yeah me too if i show any kind of discipline that i guess i didn't have before

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