More details to this question:
I went through chapter 7 bankruptcy about 8 years ago and had all personal debts discharged. I have a house and did not reaffirm the primary and second mortgage. I have continued to pay the primary but have not been paying on the second. I now want to sell my house but doubtful if I get the total owed, 69K on the primary and 43K on second. Can I surrender the property to the banks or sell to one of these buy any house companies? The personal liability was discharged in the bankruptcy. I just want to walk away without future repercussions.
1 ANSWER
Business Law Attorney serving Pittsburgh, PA
at
Fiffik Law Group, P.C.
Update Your Profile
the mortgage liens remain on the property, regardless of your chapter 7 bankruptcy. Assuming that your bankruptcy did, in fact, discharge your personal obligation to those lenders, you could wak away and their recourse would be to foreclose on the property. You can certainly try and sell to one of those buy any house outfits but make sure you are giving them a quit claim deed and not providing any warranty concerning the title to the property.
Answered on Aug 13th, 2018 at 10:40 AM