May be a mortgage person question but ... discharged a chapter 7 almost 5 years ago. Did not reaffirm mortgage. Continued to pay on home and value of the house is about 200K, amount left on the lien is about 130K. Was looking to do a refi with cashout for some renovations but the lender says I cannot refi because I have no mortgage.
you may have had the debt discharged, but there is still a legally valid lien on the property that needs to be paid if you were to sell or refinance. your lender may not appreciate this point, although I don't know why (other than confusion that stems from looking only on a credit report).
try speaking with another lender and see where you get.
Licensed in MD and DC only. General answer provided based on limited facts. Please seek your own legal advice.
Unless you reaffirmed the home it is of no concern.
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Whether it's a refinance or a new mortgage, it's really a difference without much of a distinction. Go search for a new loan.
[This communication is intended as general information and not specific legal advice, and this communication does not create an attorney-client relationship.]
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