My question involves bankruptcy in the state of: Indiana
I did not re-affirm my mortgages after filing for Chpt 7 and received my discharge in Dec of 2009. Both mortgages show up as closed on my credit. My house is in a sizeable negative equity position with the current housing market. Three questions:
1. Can I walk away from this house without further impact to my credit?
2. What is the date that would be used to calculate when I would be able to apply for another mortgage? (filed 11/2008, discharge 12/2009)
3. What would be the difference between contacting the mortgage companies and working with them on a turnover solution vs. stopping paying and letting them foreclose with regards to the legal aspect and future credit?
Any feedback is appreciated.

