Foreclosure or Deed in Lieu and assests

[hat]

What is the name of your state? FL

Thanks to all of you for previous input to my questions

BK was discharged in 9/03 and house not reaffirmed. Last payment on house was 4/04 and letter received from bank in July 04 of foreclosure proceedings. Received letter from bank stating they would consider a deed in lieu and sent an affidavit for me to complete of debts and assets which I completed and returned. That was about a month ago and I have heard nothing from them. Here is the question. At the time I filled out the affidavit I did not have a car that was not financed. My daughter is wanting to pay my car off for me but I need to know if that would affect anything with the foreclosure or deed. I assume if they decide not to accept the deed then they would go ahead with foreclsoure and with that the bankruptcy discharge would just kick into place and my owning a car free and clear would not be an issue. What should I do?

Next question is at this point is the house considered still mine or is it already the property of the bank? Thanks again for any answers.

[hat]

Does anyone have an opinion for me. My daughter wants to send in the money to pay off my car but I don't know if it will hurt my Deed in Lieu should the bank decide to accept. Could it hurt the foreclosure if they went forward with foreclosure?

[Ladynred]

If I were you, I'd wait until you hear from the bank on the deed in lieu before your daughter pays off your car. I don't think it would be in danger anyway, but its better to err on the side of caution.