Skip to main content

After filing a chpt. 7 loan modifying and making payments to the 80% of my mortgage, what are the 20% mortgagees' rights

Houston, TX |

After filing a chpt. 7 loan modifying the 80% of my 80/20 loan what are the 20% rights

Attorney Answers 1


You did not strip or get rid of the 20% second in the C7(your personal liability was discharged), so after the C7 discharge, they can proceed against the property if you don't pay. They must be cleared(paid) before you will be able to refinance or sell the property. The may not have any equity today, but at some time in the future you will have to deal with them.

Mark as helpful

1 found this helpful

Bankruptcy and debt topics

Recommended articles about Bankruptcy and debt

What others are asking

Can't find what you're looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer

Browse all legal topics