I own two condos, a three-bedroom unit that I live in now and reaffirmed in my 2015 chapter 7 and a one-bedroom unit that was underwater and discharged in 2015. I've been renting out the discharged unit and keeping up with payments. It's no longer underwater, and it is finally bringing in income beyond just breaking even from payments (only a few hundred a month, but still it's something). It has not been empty since I moved out in 2014, and I use a management company, so I have 10 years of detailed rental records. I don't think I'm ever going to sell it.
I do eventually plan to sell the unit I'm living in (no rental policy in this building) to purchase a SFH (not soon, but if/when rates ever go down again). What is going to be better for my credit and potential mortgage loan? Maintaining the status quo of keeping the discharged unit off my credit, or having it reaffirmed? And if I do want it reaffirmed, how to I go about doing that?
BK7 discharge on 4/6/15; current FICO scores: EX 646 8/8/16 (started at 599), TU 655 7/18/16 (started at 568), EQ 663 3/15/16 (started at 620); gardening from 9/16 to 4/17; long-term goal: new mortgage in 2019; cards: $2800 Barclaycard Rewards MasterCard | $2500 Baxter Credit Union Cash Rewards | $2000 Synchrony Amazon Prime Store Card | $6000 Dell Store Card
