Posted on: 20th Jan, 2009 10:44 am
I filed for bankruptcy and my chapter 7 was discharged in 94. My mortgage was included in this. Recently, I had access to my credit report and my payments were not being reported as good credit nor was my being behind 1 month being reported as delenquent. This caused me to go over all pertaining paperwork. I discovered that I have the original title to my home, given to me by the original morgage holder, when I refinanced. I also found that the contract on the newly refinanced loan stated my fixed APR would be 8.5% but later in the same contract stated 9.5%. This contract was 8 or 9 years ago. After this contract was signed, the second lender sold my contract to yet another lender. The balance of my new mortgage loan was 2 to 3 thousand more than it had been prior. I know I should have paid more attention before I signed anything and being ignorant is no excuse, but now I am totally confused on where I stand as far as balanced owed, and also about the leagality of the title to my home.
Any help will be greatly appreciated.
Any help will be greatly appreciated.
Hi K Cook!
Welcome to forums!
As far as the amount you owe on the mortgage is concerned, your lender will be the best person to tell you about that. As far as the title of the property is concerned, if you had reaffirmed the debts after Chapter 7 was discharged, then I think, the title of the property should remain in your name. If you reaffirmed the debts and paid regularly, then the lender should have reported your payments to the credit bureau. But if you have haven't reaffirmed the debts and kept paying the mortgage dues, then I think the lender will not inform your payments to the credit bureaus.
Sussane
Welcome to forums!
As far as the amount you owe on the mortgage is concerned, your lender will be the best person to tell you about that. As far as the title of the property is concerned, if you had reaffirmed the debts after Chapter 7 was discharged, then I think, the title of the property should remain in your name. If you reaffirmed the debts and paid regularly, then the lender should have reported your payments to the credit bureau. But if you have haven't reaffirmed the debts and kept paying the mortgage dues, then I think the lender will not inform your payments to the credit bureaus.
Sussane