Legal Question in Bankruptcy in Maryland

my mortgage was included in my chapt 7 bk.

It was discharged in Maryland one year ago. Should I sign a dil or just let them foreclose or doesn't it matter. WF wants me to try to sell it, and states it won't do a dil until it's been on the market for seven months.

Asked on 4/27/12, 12:29 pm

1 Answer from Attorneys

Brett Weiss Chung & Press, LLC

Generally speaking, it doesn't matter. WF can't go after you for any deficiency.

If there are HOA or condo fees associated with the property, however, it may be in your benefit to do a DIL, as post-bankruptcy filing pre-foreclosure fees are not discharged, even if you indicate that the property is being surrendered.

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Answered on 5/10/12, 11:33 am

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