Settlement of discharged mortgage to release lean

If you plan on keeping the property, it would be a good idea to try & settle the 2nd while property prices remain low to get the lien...

Selected as the best answer

I had a car repo'ed about a year ago. my credit report shows that it was a write off. Can they come back and sue me after a year

The correct phrase is "charge off." Most people believe that it means that the creditor has decided to "write off" the debt & will never try to...

There is no charge to file a proof of claim form. Usually these claims are filed online at the court website. Claim forms are available on the...

Can i get my students loans discharged if i have 3 disabled kids?

I don't think so. The requirements to be eligible to discharge student loans in Bankruptcy require that you be disabled & unable to...

We are filing chapter 7 due to loss of job due to bad economy.we have mortgage & equity loan... what happens to equity loan?

If you would like to eliminate your home equity loan, you might consider a Chapter 13 instead of a Chapter 7. That way you could be eligible to...

Bankruptcy and Foreclosure? I canceled my reaffirmation agreement with the bank within my 60 day time frame with the bank.

If ou cancel your reaffirmation, the bank is required to do anything. They can proceed with a foreclosure or they can hold tight. If the property...

Changing my mind about surrendering my investment property

Your attorney doesn't seem to have much of an imagination! I would cite as the reason for the short sale that it would resolve the claim of the...

Does a mortgage company or bank have any legal rights to your property after an Chapter 7 bakkrupcy has been discharged ?

Let me see if I understand your question. You filed Chapter 7. You own your residence with one mortgage on it. You have a second property...

Am I still obligated to pay rent if my landlord has filed Chapter 7 and unit is currently in foreclosure?

Yes you are still obligated to pay rent! Your new landlord is the US Bankruptcy Trustee who has taken on the responsibility of liquidating your...

There are 3 variables that determine what your Chapter 13 payment must be... What you want to pay, such as your mortgage arrearages. What you...