I divorced last January. My house had 3 liens from my x-husband’s company so I chose not to keep the house but to let it go into foreclosure (he filed bankruptcy). The house had 2 loans, one for $140,000 and a junior for $35,000. The house went to auction this last August which covered the first loan. The second loan is showing as being charged-off on my credit report.
Will a collection agency come after me for this second junior loan? Will I be forced into bankruptcy by any chance? I would rather settle than go bankrupt but can’t seem to get an answer from the lady I talked to from Chase. She just said to wait it out the next couple months to see what happens. Do you know what usually happens in this situation?
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Will My Mortgage Company Force Me Into Bankruptcy? - Dena by Steve Rhode