Tuesday, November 16, 2010

We have filed for bankruptcy last year We start with the first loan but including a second mortgage equity line of

We have filed for bankruptcy last year. We start with the first loan, but including a second mortgage (equity line of credit). He was released, no offense and has not received a statement or other communication from them since. Now let's sell the house for our daughter. The company has a second mortgage on the property? Yes, they still have a claim. Consult your bankruptcy attorney. Normally you can not pay their mortgage, the less you pay. Ask a real estate agent to check and see what they are liens on the property that you know what you have left. I think the line of credit was secured by a lien or mortgage on things. If this is the case, was released on personal debt, but the second mortgage is still attached to the property, and the loan must be paid in full before property can be sold to someone else with a proper title.

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