Posted on: 19th Jan, 2011 07:02 pm
I filed chapter 7 in 2010 and discharged in june, about a month ago I received a call from a mortgage company asking about the property. I informed them I filed chapter 7 on it and I no longer had ties to the home. I was told that the loan got sold to their company and the prior company did not foreclose. They asked me to sign a died in leiu document to take the property out of my name and into theirs. I just want to make sure there is no financial obligation on my end. My attorney did tell me the mortgage company had the okay to take it after the bankruptcy. I dont care to sign as long as they cannot get me for any additional money.
Hi williewalcher!
Welcome to forums!
As you filed bankruptcy and got a discharge, you're not personally liable for any dues. If the property is sold off, the creditor won't be able to come after you in order to recover the deficient balance. In such a situation, you can sign the deed and transfer the property to the collection agency.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As you filed bankruptcy and got a discharge, you're not personally liable for any dues. If the property is sold off, the creditor won't be able to come after you in order to recover the deficient balance. In such a situation, you can sign the deed and transfer the property to the collection agency.
Feel free to ask if you've further queries.
Sussane