Get Out Of Debt

Many people who file chapter 7 bankruptcy keep their homes. They keep paying the mortgage or mortgages, pay the insurance and taxes. You have a Chapter 7 discharge, you cannot be sued personally if you default, unless you sign a reaffirmation agreement with the mortgage company that is timely filed in the bankruptcy court, and do not rescind. Is reaffirming a good idea?

Understand that getting a mortgage after a bankruptcy has its challenges. But by approaching it systematically, with a plan, you can be successful. Learn the pitfalls and how to overcome them here.