Buying a home after bankruptcy?
I have a mobile home that i purchased before my BK. My bankruptcy has
been discharged for a year now. I have not missed any payments on my
mortgage. It is listed under BK on my credit report. I asked my lawyer
what would happen if i walked away from the mobile home. He said i
would not be liable for the debt because i never reaffirmed the debt
to the mortgage company. Has anyone ever heard of or done this before?
I want to buy a regular home with land. With the cost of lot rent and
my mortgage now i cannot afford it. Does anyone have any advice how i
could go about getting a mortgage. In other words will they believe
what the lawyer said about reaffirmation?
Your attorney is correct; you are not liable for any arrearages
on the mobile home if you simply stop paying.
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* Personal Injury/Malpractice Bankruptcy *
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* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* law...@erols.com *
* http://www.erols.com/lawyer *
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* Small Business Estates & Estate Planning *
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The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
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