keeping your home
Date: Sun, 01/17/2010 - 17:22
You need to consult an attorney for better understanding of your
You need to consult an attorney for better understanding of your situation.
Anyway, if you are filing ch7 then you may need to include both the first and second mortgage.
Quote:Originally Posted by SCYou need to consult an attorney for
Quote:
Originally Posted by SC You need to consult an attorney for better understanding of your situation. Anyway, if you are filing ch7 then you may need to include both the first and second mortgage. |
Quote:Originally Posted by AnonymousI thought you could reaffirm
Quote:
Originally Posted by Anonymous I thought you could reaffirm the first in a chapter 7? |
If you want to keep the house then you have to reaffirm the first mortgage but in that case you have to payoff the second loan as well. If you want to reaffirm the first but want to get rid of the second, then ch 13 is your option. You can look for stripping the second mortgage.
In ch 7 you may either reaffirm both or discharge both. Your best bet is to consult an attorney.