The Bank Can’t Find My Mortgage After My Bankruptcy. – Bernice

“Dear Steve, I have filed for Chapter 7 Bankruptcy in 2012 and was discharged from all unsecured debt in June of that year. I have been paying all secured debt which includes a mortgage, a line of equity (no longer useable), and a car note as well as my utilties, insurance payments, etc. All of … Read more

Can I Keep My House But Discharge My Mortgage in Bankruptcy?

“Dear Steve, I have $38,000.00 in credit card debt. I lost two jobs during the recession and took early social security at age 62 to survive. I barely pay the mortgage and necessary bills. I stopped paying all credit cards about three or so months ago. My house is approx $125,000. underwater. Because I got … Read more

I Filed Bankruptcy and Discharged My Mortgage But Bank of America Says They Have a Lien. – Arlene

“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 … Read more

My Wife Filed Bankruptcy and Included Mortgage and Home Equity Loan. – Stan

“Dear Steve, My wife filed for Chapter 7 Bankruptcy. I have a 1st mortgage and a home equity loan from the same bank. Both are showing as discharged on my credit report since neither were reaffirmed. What happens if we stop paying the 2nd? Do we have to pay it off or will their be … Read more

Mortgage Bankers Association. A Bunch of Whiny Bitches?

So in the Wall Street Journal the Mortgage Bankers Association answered a op-ed about the need for bankruptcy mortgage modifications with the following response. In “Loan Modification Can Stop the Foreclosure Crisis” (op-ed, Jan. 30), Rep. John Conyers shortsightedly calls for allowing unelected bankruptcy judges to unilaterally modify mortgage contracts to help keep borrowers out … Read more