Posted on: 04th Aug, 2014 11:25 am
how can I get the title on my charged off mortgage after bankrupty? and can I refinanced? why is the mortgage company who sold my mortgage still on my credit report?
Generally, when one gets a bankruptcy charge off, it is personal to the debtor. The bank keeps the security interest or mortgage in the property used as collateral on the loan. Therefore, the debtor is no longer personally obligated on the loan. But, once the bankruptcy is over, the bank can foreclose to sell the property for money to pay on the loan. .