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sia101009 · Joined: 10 Oct 2009 Posts: 17 0.06 Dollars($)

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jerry · Posted: Wed Oct 14, 2009 6:50 am Post subject:

Hi sia,

The second loan was charged off, which means it was sold off to another mortgage company or a collection agency. But you are still liable for the debt. If you keep just the first mortgage and do not pay off the second loan, the collection agency will come after you for the remaining debt. Thus, you should include your second debt in your chapter 13 bankruptcy.

Thanks,

Jerry

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