When you surrender your home in bankruptcy the debt may be discharged but until the property is foreclosed you may still be liable for homeowners dues, home upkeep and property taxes. So, it is important to closely monitor your mortgage company because they can do serious damage to your credit while they are getting around to foreclosing. Often they will misreport your loan to the credit bureaus and illegally access your credit reports. They will also continue to send you statements and notices until you tell them to stop. Luckily there are state and federal laws to protect you but you must go to court to enforce them.
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