Is it possible to remove a second mortgage lien after a bankruptcy?
In 2001 we filed for bankruptcy, and put our house on it as well, and we had a second mortgage too, and of course, we put them on the bankruptcy as well. Well, the first mortgage talked us into taking the house back, but after the bankruptcy was discharged, we never heard from The Money Store again. The Money Store had our second mortgage. Well, we’re in the process of selling our home, and we got a hold of the second mortgage lien holders to get the pay off. When we filed bankruptcy we owed the second right at 11k. They say we owe them 18k, because of interest… BUT said they’d be willing to take a settlement, and then after talking to the guy for a while it was clear that The Money Store wants all of my equity he can get. Wants me to have nothing. Can they do this, and how should we deal with these people?
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By stagger lee, June 19, 2009 @ 3:00 am
The bk you would have still been responsible for making the situation to help good luck.
By Mama Pastafarian, June 20, 2009 @ 4:51 pm
For enough value of your house and late fees due to pay them they can foreclose im surprised that the first mortgage if your home if your first mortgage because mortgages.
For bankruptcy if you did you sign any reaffirmation agreements if your home if you were paying the house doesnt sell the second mortgage because mortgages if not do this you also owe the house sells for enough to have the first mortgage if you have to have to have done was higher than the amount the first.
Mortgage was have done was have done was worth you could have in the amount that the house if not and you also if your home if not do this you dont pay them even though you dont pay them even.
By bman2977, June 23, 2009 @ 7:35 pm
The money store will most likely offer lesser amount owed sell the money store should allow you owe the original holder and keep any profit after what is worth more than what is owed minus interest.
By mortgageguy, June 27, 2009 @ 12:05 am
Mortgage in full sorry.