Selling house after chapter 7 discharge (mortgage not reaffirmed)

[fred834]

Quick question:
I filed for Chapter 7 in January of 2005 and obtained my discharge in April of 2005. At that time, I had a 1st and 2nd mortgage on my house (those were obtained in July of 2003), which I chose not to reaffirm.
I have been making monthly payments since then and am now considering buying a new house. I'd like to put some sort of down payment so as to limit the amount that I need to borrow from the lender.
Now, since I did not reaffirm any of those two mortgages, am I legally able to sell this house myself, pay to the mortgage company what is left on those mortgages and keep the extra money I will be making on this sale and use it for a down payment? I bought the house for $132500, (the amount owed on both loans is about $128000) and I should be able to get $160000-170000 from selling the property, which would net me roughly $30-40K.
Any info would greatly be appreciated.

[FilingOnMyOwn]

Your chap. 7 was discharged over a year ago? Case is closed? Do whatever you want, just make sure to pay all your current debts with the proceeds.

[Viper]

If you haven't already done so, check all 3 of your credit reports. Make sure everything is reported properly, this process could take a month or more. You'll want to have this done before you start applying for your new mortgage. Keep in mind every time a potential lender checks your credit, your credit score goes down, weather or not you're approved and weather or not you even agree to the terms offered. Make sure you do some good research when choosing a mortgage broker/lender.

-Viper

[miss puff]

I believe, and someone please correct me if I am wrong that if you did not foreclose, the title is still in your name and you could still sell and keep the money after your mortgage is paid.