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jgo926 Joined: 05 Nov 2009 Posts: 1 1.30 Dollars($)	Posted: Thu Nov 05, 2009 6:57 pm    Post subject: Real Estate Law Just filed Chapter 7. county records check does not show supposed 2nd mortgage lien ever being filed. What are consequences? My copy of note shows closing on 07/11/2005. As of this evening no mortgage to support obligation has ever been filed with the county recorder. Just shows my first mortgage. Obviously, I am quite curious to the effect of their mistake in not filing.
adonis Joined: 22 Oct 2005 Posts: 3852 Location: ALASKA 120.89 Dollars($)	Posted: Thu Nov 05, 2009 9:04 pm    Post subject: Hi jgo, The second lender will have to prove the mortgage in the bankruptcy court. If the lender is unable to prove it, then the court may strip off off the second mortgage lien from your property. Check out the given blog post to know more on this topic: http://www.mortgagefit.com/blog/loan-disappear/ _________________ Procrastination is the enemy of your financial sucess

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