I live in Indiana. Filed Chapter 7 Bankruptcy in March 2010, finalized in September. House market value was set at $170,000. Was able in late September to finally modify my primary mortgage to continue it (owing $157,000). Was trying to work with Chase Bank on my second mortgage ($43,000), they sent me a letter dated October 18 that they wanted to work with me on a loan modification and told me I had 30 days to contact them. I recieved the letter by certified mail on October 30. I called to start the process on November 2 and was to the loan had been charged off on October 29 and no one will explain why.
What are my concerns at this point? What should I worry about? I know they cannot recover from me personally because of the bankruptcy, but do you think foreclosure is a concern?
Was the second mortgage included in your bankruptcy and discharged at that point? I need more information to help advise you. Please post your response in the comments below.