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I am pleased of this information, but i am seeing on the internet multiple places were: they are saying that it will report the foreclosure on your credit score.
Though your bankruptcy was discharged, still the lender has the right to collect the mortgage dues from you. If you walkaway from the property, the lender will have the right to foreclose the property. The foreclosure will also badly affect your credit and will lower your credit score by 250 points.
Even if the debt was discharged, and you don't owe the money, the fact is that you didn't make payments and they had to foreclose to take legal title to the property. You might get them to stop reporting it by complaining often enough, but legally they are right. The bankruptcy just stopped them from being able to collect the debt.
Now, we owe alot more then what this house is worth, and it would be best if we could walk away. But we want to be able to buy a house in a year or so, and from what I see you have to wait 2 years after BK, but if a foreclosure is added on to my credit report then it will not happen. I need to make sure I am making the write choice,
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