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charge off second and third mortgage during bankrupty

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dskoncz@yahoo.com

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Post Posted: Sun Sep 27, 2009 6:00 am    Post subject: charge off second and third mortgage during bankrupty
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I filled a bk and on my second and third mortgage was charged off what does this mean.
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Icon Mini Profile sunnyca2009





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Post Posted: Sun Sep 27, 2009 9:32 am    Post subject:
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If it is charged off the lender did nto bother to collect the dues from you. But they may send it to collection agency and they will come after you for that money
Icon Mini Profile frankmcdowell2000





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Post Posted: Sun Sep 27, 2009 9:40 am    Post subject:
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mortgage provider will not worry about it. furthermore, you can negotiate with collection agency
Icon Mini Profile jerry
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Post Posted: Wed Sep 30, 2009 5:29 am    Post subject:
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Hi dskoncz,

Quote:
I filled a bk and on my second and third mortgage was charged off what does this mean


Do you mean your second and third loans were discharged through bankruptcy? In case, the loans have been discharged through bankruptcy, you no longer owe the debts. You are free from the liability of the second and third mortgages. The lenders will not be able to come after you or sue you to recover the loan balance.

Thanks,

Jerry
Icon Mini Profile sunnyca2009





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Post Posted: Wed Sep 30, 2009 10:32 pm    Post subject:
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Jerry is correct and I misread the post
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