Question on chp13 lien strip if 2nd mortgage transferred loan to another mortgage company

I agree that what you should ask your attorney is exactly what you have asked here. My guess is that the transfer of the 2nd will not invalidate...

Is it possible to pay the arrearage under Ch 13 and then resume regular mortgage payments after the 5 years have expired?

Yes, that is precisely the type of situation a Chapter 13 is designed for. You pay the arrears off through the plan so that once the plan ends...

What happens to the delinquency on a second mortgage when you file chapter 7 bankruptcy in Florida?

Unfortunately, a Chapter 7 will not help you in this situation. There would be nothing stopping the 2nd from foreclosing. It sounds like your...

House in escrow - we will net $100K but have unsecured debt. Have filed Homestead. What happens with BK?

Is the $10K judgment recorded as a lien against the property? If so, then it will be paid through escrow. If escrow closes, and you have the sale...

Yes, unfortunately it is very common for mortgage companies to stop sending out statements, and also to stop reporting your payments to the credit...

In a chapter 7. can a creditor really keep levied money that i listed and exempted? even the trustee says to give back to me.

Any money received by a creditor within the 90 days prior to the BK filing MAY be avoided by the Trustee as a preferential transfer under 11 USC...

541 (a)(5) deals with the issue of property acquired by gift or inheritance. Your question, about 541(a)(7) deals with other property acquired...

Bankruptcy. moved to another state from ohio about 8 months ago. lived in ohio for 4 years prior. Federal exemptions vs. Ohio?

California has a 180 day residency/jurisdiction requirement, which it appears you have met. So, you should be able to use the Federal exemptions...

If I pay off my first mortgage after filing chapter 7 bankruptcy am I still obligated to pay off the second mortgage?

I would suggest having your BK atty ask the 2ndlender to record a reconveyance, removing their lien. If they don't, then you know they really...

The previous answers are correct, but I would suggest looking at the terms of the promissory note itself. What does it say, if anything, about...