Posted on: 19th Mar, 2010 08:16 am
i need some advice , please !!!
we had 2 mortgages on our property ,but due to a loan modification this fall we are current and we are able to keep the house . we had a bk 7 last year and never heard from the second mortgage since last week when they send a letter that we owe them the money . the discharge was in september and the first lender told as that in order to keep the property we only need to pay the first loan , 2nd loan was showed as a charge off. the second mortg loan was sold to collectors after we receive the discharge from ch.7 . is this right ?
there is no equity in the house at this time . we never reaffirm the property during bk
thanks !!
we had 2 mortgages on our property ,but due to a loan modification this fall we are current and we are able to keep the house . we had a bk 7 last year and never heard from the second mortgage since last week when they send a letter that we owe them the money . the discharge was in september and the first lender told as that in order to keep the property we only need to pay the first loan , 2nd loan was showed as a charge off. the second mortg loan was sold to collectors after we receive the discharge from ch.7 . is this right ?
there is no equity in the house at this time . we never reaffirm the property during bk
thanks !!
Hi jhonny,
Your query has been replied to in the given page:
http://www.mortgagefit.com/inprocess/about36388.html#156226
Take a look at it. Hope it helps you.
Your query has been replied to in the given page:
http://www.mortgagefit.com/inprocess/about36388.html#156226
Take a look at it. Hope it helps you.