Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hello again and thank you for requesting me to answer your questions.
Q: will I be disarming myself (i.e., perhaps disclosing too much information to the lender that possibly could be used against me in the final negotiations)?
A: I do not think it will hurt you. It is common for people in your situation to do what you are doing.
Q: Would it be best to wait until the bankruptcy case is closed, then I can speak directly to the lender without obtaining the requested authorization from my bankruptcy attorney?
A: That is an option but I do not think that it would really matter. If you wait then you cannot sign the reaffirmation agreement. If you do not sign a reaffirmation agreement then it will not be reported on your credit report, which makes it harder to rebuild your credit.
Q: Can I switch to another attorney to negotiate on my behalf instead of using the bankruptcy attorney who has little experience in real estate litigation?
A: Yes you can and people do that often when dealing with mortgage companies.
Q: What are your thoughts in this regard?
A: It does not matter if you do it before or after your bankruptcy is over. Even if you start it now, it probably won't be done before your bankruptcy is completed. I would start now just so that you get the process started, the longer you wait the less time you are going to have before they finally foreclose on the house.
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