“Dear Steve,
I filed in fla chapter7 no reafirmation on mortgage or equity .All zero and discharged in bankrupty is on my credit report .Bank of America mortgage office said i am not obligated to pay equity and stay as long as mortgage is paid.Equity office Bank of America said the lein stays in effect anyway.Is that true ? They are in my original documents of chapter 7 as unsecured but the lawyer never told me to reafirm .I want to refinace and want to know what is correct,
Thank you Great site,
Arlene”
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The Answer
Dear Arlene,
If you filed bankruptcy and included the mortgage but the bank did not take the house back then your responsibility to repay the mortgage may have been extinguished but the lien against the property still exists.
You now are the proud owner of a property you will have to find a way to refinance and satisfy the previous lien to get the house back in your name under one current mortgage.
If you have additional specific questions about your situation you should call your bankruptcy attorney for clarification.
Please post your responses and follow-up messages to me on this in the comments section below.
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