We would like to stay in our house even though we did not reaffirm and have no hope of getting a new loan. Has anyone heard of the mortgage company renting the home to 'used to be owners' after foreclosure?
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Are you continuing the payments? This is called a ride through. If you are making th payments for now, then in a sense, you are renting the property.
In any case, banks and lenders are not in the business of owning real estate, not being landlords, so don't count on it.Bankruptcy History:
Chapter 7 filed - 10/12/2005 - Asset
Discharged - 02/16/2006
Case Closed - 11/08/2007
A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain
All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation. -
Actually I just read something on that like, yesterday - I think they are trying to introduce legislation about it. Try googling it.Filed Ch 7 -- July 9, 2008
341 mtg ---- August 14, 2008
Discharged ---- October 17, 2008
Closed --------- December 11, 2009!Comment
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