That type of interest rate is very high and it would be best to try to refinance, but the pricipal balance on the loan needs to be lower than the appraisal value of the home.The bankruptcy is going to really botch things up as a new lender is not going to get involved in a refi until the bankruptcy is discharged.

Kids get into it and have no idea what they are in for.... and it is NOT dischargeable in bankruptcy.

Last year I declared bankruptcy(due to a bad loan and lemon of a home) which is now discharged so the home is in foreclosure.

This sounds like a BK13 not a BK7 as I inquired above, since in BK7 once its dismissed or discharged which is generally 4-6 months, you can resume the foreclosure if they did not intend to keep the property. 

According to the IRS website: "The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence.

It's been discharged for a few years now and I currently have a W-2 job making more than I've ever had before, well over six figures. 

I'm waiting to get her discharge the morning.

I have my reservations about whether this is even dischargeable in bankruptcy based on the facts presented.

As a landlord this is not great but- remember- if they hang around and rack up a few months of rent, that debt may not be discharged in the bankruptcy and you might be able to collect on them!

This information is available free of charge on the internet at the following sites:Sex Offenders: www.txdps.state.tx.usSan Antonio Area Crime Stats:http://www.neighborhoodscout.com/tx/san-antonio/crime/REASONS FOR DENIAL OF APPLICATIONSIf you failed to give proper notice when vacating a property.If previous landlord(s) would be unwilling to rent to you again for reasons pertaining to your behavior or that of any family member, guest (welcome or not), your pets, or any animal on the property during your tenancy.If you have had three or more late payments of rent within the last 12 months.If you have an unpaid collection filed against you by a Property Management Company.If an unlawful detainer action or eviction has occurred within the past five (5) years.If you have recently received 3-day notice to vacate.If you have had two (2) or more NSF checks within the last 12 monthsIf you have filed for bankruptcy or foreclosure within the past 24 months we may deny your application.Any bankruptcy must have been discharged at least one year previous to the date of your application.If you have allowed any person(s), not on the lease, to reside on the premises.If we are unable to verify your information, we must deny the application.No Businesses may be operated from the property.