 raymond
Community Experts
Joined: 03 Jul 2009
Posts: 315
Location: Irvine, CA
60.39 Dollars($)
|
 Posted: Sat Oct 31, 2009 9:59 am Post subject: |
|
|
>>and the mortgage company states that I am under no obligation to pay the note
That doesn't make sense. There must be a misunderstanding. A mortgage company isn't going to tell a borrower they aren't obligated to pay their Note.
>>If they own a note under which there is no obligation as decided by a bankruptcy judge then can they forclose, ever?
Yes. A Bankruptcy Judge doesn't have the attority to tell a Lender the Borrower isn't obligated to pay their Note. Unless you're in a chapter 13 - in that case the Judge can modify the mortgage terms while you're in the bankruptcy, but once you've completed the chapter 13 program, the terms of the original Note are back and they can foreclose if you don't adhere to the Note.
_________________
Raymond
www.ReverseMortgageCalculator.org |
|
