Legal Question in Bankruptcy in Massachusetts

I filed ch.7 bankruptcy and my debts were discharged Jan 2006. My 1st & 2nd mortgage on my home were never reaffirmed. I have made payments on time. My fico score is now 710. I want to sell my house but it is now worth less than I owe on mortgages. Can I give up possesion of the home and walk away with out any further negative effects on my credit ?


Asked on 5/06/10, 9:19 am

1 Answer from Attorneys
Daniel Gindes Law Office of Daniel Gindes

Assuming everything was done correctly, you can walk away without worrying about any deficiency claim against you, but the default(s) will hurt your credit.

Dan

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Answered on 5/11/10, 9:50 am


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