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I finalized bk in 2009 in california. I did not re

Date: Wed, 05/18/2011 - 01:08

Submitted by peacewithin2u
on Wed, 05/18/2011 - 01:08

Posts: Credits: [Donate]

Total Replies: 1


I finalized bk in 2009 in california. I did not reaffirm 1st mortgage BUT reaffirmed the 2nd. I am considering a short sale or deed in lieu of foreclosure and been current on both mortgages since bk. I have put my condo on the market as a short sale and am wondering if that is the best route to take vs deed in lieu of foreclosure. Also, I am concerned about the debt I reaffirmed of $60k on the second (which was refinanced since the purchase date of the property prior to bk) if I am at all liable to pay that debt after doing short sale or deed in lieu of foreclosure. I am concerned that I am making an error doing short sale vs deed in lieu of foreclosure in regard to that 2nd. Please advise. thank you!!