Died in Lieu after Chapter 7 BK
09-12-2012 09:13 AM
We filed/discharged chapter 7 bankruptcy in Feb 2009 which included our mortgage. We stayed in the home and continued making payments until March 2011. The home went into foreclosure and a sherrif sale was supposed to happen in August 2012 but was cancelled the day before. I want the deed out of our name since we vacated the property almost two years ago. Can we do a Deed in Lieu instead of waiting for another Sherrif Sale date? How will this effect our credit, currently the mortgage shows included in Bankruptcy. If we sign a deed in lieu can the mortgage company report this and therefore put a negative post on our credit report and damage our rebuilt credit score?