Credit Card Center Advertiser Disclosure

New Visitor
Posts: 3
Registered: ‎04-12-2013
0 Kudos

Bankruptcy in 2007 (Discharged) Mortgage Not Reaffirmed. Lender is WellsFargo. What are my Options?

To Whom It May Concern.


I am coming to this board to ask what my options are and to validate my research to this point in time.


Situation:  In March 2007 my wife and I filed for a Chapter 7 Bankruptcy that was Discharged in June 2007.  Our mortgage was not reaffirmed and was discharged along with all other debts we had at that time.  We have stayed in the house for the past six years and never been late on any payments, and have alwasy been in good standing. We are now looking to leave the area due to a number of reasons of which I will not go into here.  With the before noted and said I have done some research and am not  getting a real clear answer.


We are considering walking away from the house and renting a house in a new area.  It is my understanding that since the mortgage was not reaffirmed in the bankruptcy and has been discharge we can do this without issue.  The concern / question we have is that when the bank forcloses as they will have to do inorder to take controll of the property is how will it affect our credit report and can they still come after us for anything.

Our property is homesteded in Texas and our mortgage is with WellsFargo.


So in short what are my options? What are others experiances here in Texas? Any advise is apperciated.




MT of Texas

New Visitor
Posts: 2
Registered: ‎04-12-2013
0 Kudos

Re: Bankruptcy in 2007 (Discharged) Mortgage Not Reaffirmed. Lender is WellsFargo. What are my Optio

Why don't you just sell it? Do you not have any equity in it after all this time paying?

Established Member
Posts: 13
Registered: ‎03-21-2013
0 Kudos

Re: Bankruptcy in 2007 (Discharged) Mortgage Not Reaffirmed. Lender is WellsFargo. What are my Optio

You should be able to walk away, unharmed.


When I filed Ch 7 we didn't reaffirm our vehicle but we continue to make regular payments and have never been late. My lawyer said at any point, for any reason, we can give the vehicle back without consquences.

Posts: 91
Registered: ‎01-24-2012
0 Kudos

Re: Bankruptcy in 2007 (Discharged) Mortgage Not Reaffirmed. Lender is WellsFargo. What are my Optio

I did just that, I did not reaffirm my mortgage but rather did a ride thru, stayed and kept paying. I walked away 3 years later, no consequences.
Equifax Feb 2012 690
TU Feb 2012 720

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.