I bought a home in West Virginia, with the intent to move there. Plans changed and I ended up relocating to Maryland. I couldn't keep up with my mortgage payments and was foreclosed on. I had to pay PMI insurance, so the lender will be reimbursed.
As I understand it, the PMI company can sue me based on Subrogation, because they had to pay a claim due to my default. I intend to file bankruptcy and would like to list the PMI company as a creditor. So far, they haven't made any demands for payment.
Can I include the PMI company in my Chapter 7 bankruptcy if they haven't made any demands yet? I want to make sure they don't decide to sue me after I complete the bankruptcy process. What are my options? Is there a statute of limitations on them filing a claim against me?
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