Hey all, I have a question that has probably been answered but cannot find it!!. My husband and I file chpt 7 this yr and was discharged June 7, 05.
my question is concerning my mortgage. we never signed a reaffirmation agreement for our 1st or 2nd mortgage, on my credit report it reads, petition for chpt 7 file, discharge bk chpt 7, it has no listed balance but does include UTD never been late. our second doesn't even mention our BK, just reads UTD, never been late. my question is if we default on either loan now what will happen??? will we be liable for any further expenses if we default???the reason I'm asking is my husband is now wanting to move closer to his and my work. I now drive almost 2 hrs one way and the way gas is, it is getting very expensive. any advise would be appreciated, thanks.
my question is concerning my mortgage. we never signed a reaffirmation agreement for our 1st or 2nd mortgage, on my credit report it reads, petition for chpt 7 file, discharge bk chpt 7, it has no listed balance but does include UTD never been late. our second doesn't even mention our BK, just reads UTD, never been late. my question is if we default on either loan now what will happen??? will we be liable for any further expenses if we default???the reason I'm asking is my husband is now wanting to move closer to his and my work. I now drive almost 2 hrs one way and the way gas is, it is getting very expensive. any advise would be appreciated, thanks.