Opinions Please

[Teddy]

Hi -

I filed C7 and it was discharged in June. On my bk papers I said I was keeping my house, however I did NOT reaffirm it.

We want to move to another house - my husbands friend is pretty much financing it for us. This house is more suitable for our family at this point. Plus we are getting a very good deal on it.

I am not late on my payments and currently have my house up for sale but I doubt it's going to sell. Meanwhile, the other house is waiting for us.

Can I just let it foreclose? I feel bad b/c I can afford it.

I ran my credit report and it says "Petition for C7 BK/Never Late".

My husband is mad at me b/c I want to keep paying on my house and wait a couple months to move - he says I'm dumping money into it and will not get it back which is true.

Am I being stupid? It's my morals that are keeping me wanting to pay for my house and do the "right" thing by selling it, but since it's already included in the BK, I don't know what to think.

Thanks for any opinions.

[Mi Bankruptcy]

I agree with both you and your husband. However, we never know what the future holds for us. I would consider "what if" something happnends scenerio to your new house or the person financing the property for you? You now have a forclosure on your credit record that may not have been necessary. My 2 cents

[Teddy]

I did think of that. I'm not really worried about that though but thanks for bringing it up.

Can I just let it foreclose since my BK is discharged and I didn't reaffirm?

My realtor was talking about short sale but she said you have to have a hardship which I really don't.

This is stressing me out big time. I don't like to think of just letting my house go but right now with the market I owe more than it's worth and even if I do sell it, I'll barely break even. I might not be able to sell it for enough to break even.