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filed chapter 7 bankruptsy,reaffirmed 1st mortgage,the second mortgage was somehow discharged,

Posted on: 07th Oct, 2008 11:11 am
filed chapter 7 bankruptsy,reaffirmed 1st mortgage,the second mortgage was somehow discharged,...2nd mortgage told me they charged it off,wat happens next?
Hello- That second will still be a lien on the property. I'm surprised they charged it off and have not started foreclosure proceedings. That doesn't sound right. Or, have they? Do you know?
Posted on: 07th Oct, 2008 12:28 pm
Hi shadow!

Welcome to Forums!

The second mortgage will be considered as a lien on the property. They may recover it from the sale of the property.

Sussane
Posted on: 11th Oct, 2008 12:24 am
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