Chapter 7 dicharged, can I still keep the property?
Question Details: If I filed Chapter 7 Bankruptcy and it has been discharged; without reaffirming my home will the lender still work with me to keep it? What are the legal rights lenders can pursue on a property after Chapter 7 has been discharged?
They take the property -- you don't owe the money anymore but you don't get to keep the property -- i.e., you don't get something for nothing. So, they will foreclose on you most likely.
Unfortunately, this is one of the downsides of bankruptcy.
If you want to work out a deal to purchase it back, contact a real estate attorney in your state and see what can be done. Try www.attorneypages.com.
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