Posted on: 01st Feb, 2011 08:17 am
We filed bankruptcy (chapter 7 )in 2009 and our house was included. Discharged in 11/2009. Our house was resold in 2010. Wells Fargo sent us a 1099A stating that balance of principal outstanding was 139,260.01 and the FMV was 147,304.52 and in box #5 liable for repayment of the debt it was marked yes. How could that be if we bankrupted the house? I know the house sold for more then what we owed on it when we filed bankruptcy.
Thanks for your help.
Thanks for your help.
I suggest you take this query to the bankruptcy court. Perhaps the trustee or your counsel or someone on the court's staff can elucidate on this situation for you.