Okay I am letting my house go. We filed chapter 7 pro se and were discharged in JULY we did NOT reaffirm our mortgage. Can they put the foreclosure on our credit? It was included in BK and actually is reported top our credit as IIB with a zero balance so even if we did continue to pay they arent reporting but they are now saying they are going to report the foreclosure to our credit can they do that if I dispute it with the bureaus will the correct it as IIB?
-
Sometimes life make you deal with ugly and hateful people ,just think of them as sand paper. They may scratch you and rub you the wrong way but eventually you end up smooth and polished and the sand paper becomes old and worn out. -
I'm doing the same thing with my car. So I guess you could replace foreclose with repo. If you give your house up while in Ch. 7 would it be a foreclosure? -
Family, it's not a foreclosure, it's a surrender. If you didn't sign a reaff, and you're doing a ride-through, you can just walk away. And no, they cannot report it as a foreclosure, nor can they report any CURRENT failure to pay, since doing so constitutes an attempt to collect on a debt legally discharged in bk. A letter to the credit bureaus with a copy of the discharge should take care of it if they do it anyway, though.
And if you've been through bk, you already know a creditor will say whatever they can think of to get you to cough up $$$.
Nolo Press book on filing Chapter 7, there are others too. (I have no affiliation with Nolo Press; just a happy customer.) Best wishes to you!Comment
-
okay so if its considered a surrender do I need to call them and sign somthing saying I surrender or ammend somthing in my bk papers? To do that I would have to re open the case and trust me I dont want that.
Also if I am behind on pmt and I "surrender" the home and they sale it for less than whats owed are there any tax consequences since it was discharged in bk?Sometimes life make you deal with ugly and hateful people ,just think of them as sand paper. They may scratch you and rub you the wrong way but eventually you end up smooth and polished and the sand paper becomes old and worn out.Comment
-
anyone???
Sometimes life make you deal with ugly and hateful people ,just think of them as sand paper. They may scratch you and rub you the wrong way but eventually you end up smooth and polished and the sand paper becomes old and worn out.Comment
-
Familyof7, I don't have that answer for you, but I would love to know this information, too. We are in the 60-day waiting period for objections, but I think we've decided we must "walk away" from our house, too. It just no longer makes sense for us to pay on a home that we owe significantly more on than it's worth.
I know it may seem ridiculous to some at this point, but I'm worried what further effect doing this would cause to our credit score. But if I understand FreshLikeADaisy correctly, it wouldn't further affect the score since they can't report anything on it anyway. Fresh, am I right?11/29/2007 - Filed Ch 7
01/08/2008 - 341 Hearing
03/12/2008 - Discharged
03/21/2008 - Closed
Comment
-
From what I've read, they can't list a foreclosure on your report if you don't reaffirm. Yesterday this question came up on the Dave Ramsey show and he told the caller, "but now you'll have a bankruptcy and a foreclosure on your report." I believe the caller didn't reaffirm the house in bankruptcy. I had always heard that once its discharged in bankruptcy, they can't make any further notations on your credit report.Comment
Comment