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our chap 7 bankruptcy, in maryland, was completed in oct 2008, without reaffirming our mortgage. both my husband and i receive unemployment and had temp lowered pmt with lender that is no longer in place we just recvd 30 notice of foreclosure. we need to fix up home to sell & cannot affrd to do so, we cannot come up the the back amt of pmts due, nor continue non-lowered pmts. is there a benefit to just walking away now b4 foreclosure begins vs leaving after it starts? since we did not reaffirm, will we be liable for deficit amount before vs after foreclosure process begins? once foreclosure begins, can we still contents our furniture, etc? (we'd leave appliances & such)
thank you in advance