Since the mortgage and heloc accts. were discharged in BK7 I now have the opportunity to walk way from the house and try to buy another one. Our BK7 has been 4 yrs. now. What I'm wanting to know is it best to just walk away from the payments since we are current or possibly a short sale? And does a short sale affect my wife and I in the aspect of repaying the deficency if there would be.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.