Re: Please Help!!! What options do we have in MI

Posted by NJDave on February 12, 2006 at 16:09:25:

In Reply to: Please Help!!! What options do we have in MI posted by Jamie on February 12, 2006 at 10:48:55:

Without knowing the extent of your unsecured debt...
you might consider a Chapter 7 and walk. Start fresh.

If you decide to walk away... you could, after declaring bankruptcy, offer a deed in lieu of foreclosure to your lender..in exchange for minimalizing the damage to your credit report.
I wouldn't pay the property taxes. They'll be paid by your lender.

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Comments:
: Without knowing the extent of your unsecured debt...
: you might consider a Chapter 7 and walk. Start fresh.

: If you decide to walk away... you could, after declaring bankruptcy,  offer a deed in lieu of foreclosure to your lender..in exchange for minimalizing the damage to your credit report. 
: I wouldn't pay the property taxes. They'll be paid by your lender.


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