I called BoA today to see what the process going forward was going to be. After being transferred a few times I spoke with someone who told me that now that my bankruptcy was discharged(I included the 1st and 2nd in the BK) my loan would revert back to the way it was before I entered BK. Does that sound right?? He wanted me to send in my financial info to try a workout. I haven't made a payment on this loan since Sept of '08. We are planning on moving in July so I was actually calling them to see if I should do a deed in lieu of or maybe a cash for keys type agreement. I was under the impression that the BK wipes away my liability to my 1st and 2nd. BTW the second was sold to Greentree after the BK.
Do I have to now choose between a foreclosure and a deed in lieu of foreclosure? I was also contemplating renting it out until BoA follows through with the foreclosure. Anyone done that?