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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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I filed for bankruptcy in 2005. Although my mortgage was part

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I filed for bankruptcy in 2005. Although my mortgage was part of that bankruptcy, I continued to make regular, on-time mortgage payments. Now I want to move. The house needs a lot of work. If I cannot sell this house, can I walk away from it without penalty?
Submitted: 6 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 6 years ago.
Hello,

I am the JustAnswer expert that will be helping you today. I am a lawyer with 25 years experience. Although I am not your attorney, I hope that I can give you helpful legal information.

Typically your bankruptcy would have discharged your personal liability on your mortgage note. Thus provided you did not enter into a reaffirmation agreement during the bankruptcy proceeding, you would not be subject to personal liability or recourse for nonpayment at this time
Ellen and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 6 years ago.
Does that mean that my credit would not be affected by walking away, and no other legal papers or other legal matters need to be addressed? Do I just not pay?
Customer: replied 6 years ago.
Same as above. I want to start interviewing for jobs out of my area. I can put the house for sale "as is" but if it does not sell, can I just walk away without repercussions?
Expert:  Ellen replied 6 years ago.
I can put the house for sale "as is" but if it does not sell, can I just walk away without repercussions?
Yes

Does that mean that my credit would not be affected by walking away, and no other legal papers or other legal matters need to be addressed? Do I just not pay?
Correct

Ellen and 2 other Bankruptcy Law Specialists are ready to help you