Posted on: 24th Nov, 2010 08:23 am
i filed bankruptcy over a year ago. the morgage company sent me a letter that stated i had zero balance on the loan. they told me the property was mine because the mortgage insurance paid the loan. they also said i was goning to receive a 1099-c form. i was responsible for property taxes and insurance. they also said that the reason they decided to do this was because it woulod be too much for the bank to try and sell it because value of the property went down so bad and that in my area it was hard to sell a house due to the economy. so they also said i would receive the lean in the mail. so what do i do now. i did go to the register of deeds and they gave me a copy of the deed and the discharge paper the bank filed in their state what else do i need from them and what do i do to secure its my property and that the bank isnt pulling a fast one on me?
Welcome sebastian,
You can contact the county recorder's office and check out if there is a lien on your property. If you don't have any liens on your property, it means you're the sole owner of the property and it is free and clear of all debts.
You can contact the county recorder's office and check out if there is a lien on your property. If you don't have any liens on your property, it means you're the sole owner of the property and it is free and clear of all debts.