Legal Question in Bankruptcy in California

I was reading a topic about reaffirming a mortgage in a chapter 7 California bankruptcy. What I read was that if I don't reaffirm the mortgage & continue to adhere to the original terms of the contract, the lender can't ever force me to leave the home.

1. Is that correct?

2. If so, am I still the owner?

3. Would I still receive the interest tax benefit each year?

4. Would the lender still provide me with the appropriate interest tax statement each year or would that be at their discretion?

5. Would I be entitled to put the home on the market down the road, sell the home & pay off the mortgage as if I never filed bankruptcy?


Asked on 12/23/10, 7:37 pm

1 Answer from Attorneys



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