Debt from a home equity line of credit is discharged in bankruptcy, but the ... of
debtors who file for Chapter 7 are allowed to keep all of their property. ... If the
bank does foreclose on the lien, and there is a deficiency balance (which may
happen if ... paying off the first mortgage, there is little left for the HELOC lender, it
I filed a Chapter 7 bankruptcy that was discharged in 2009. ... removes the
lender's right to sue you, but it does not discharge the liens from the property. ... In
your case, the lender may or may not have written off the loan. ... You may be
able to settle the outstanding balance for a little more than what the company
paid to ge...
If a no-good roofer put a lien on your property after bankruptcy, removing it is
going to take ... the contractor will remove the lien once payment for the work has
been received. ... you and then request that the lien be placed on the title to your
property. ... you may or may not have to set this motion for a hearing before the
Oct 29, 2012 ... After bankruptcy, homeowners celebrate Bank of America forgiving second
mortgages. ... Many of my clients filed Chapter 7 bankruptcy, stayed in the house
and ..... deemed it an unsecured lien that was discharged and stripped prior to ....
stopped paying on and has been written off is still lingering out there.
Thomas Hogan, Thomas P. Hogan has been practicing law for more than 25 ...
What happens to a (HELOC) lien on a property that has been written off prior to ...
A secured debt typically has a lien on the asset, in this case a residence. ... you
must satisfy the first mortgage and any junior mortgages or lien holders before
you can ... or lesser priority than the first mortgage, but, it is still tied to the
property. The Chapter 7 bankruptcy terminates your liability on the primary and
Mar 25, 2010 ... If the value of your house has dropped below what you owe on the first, ..... I am
almost 2 years from my chapter 7 bankruptcy discharge. .... We are current on our
first, and have been paying less than half of the payment on the 2nd. ..... In 2008
we had to get a 2nd mortgage (heloc) to pay some medical bills ...
Aug 8, 2014 ... “Bankruptcy has given you the right to discharge a debt and no ... bureaus that
you've been making payments on time,” Brown says. .... In fact I sold the house
and paid off the mortgage less than a year after my bankruptcy. .... have active
liens on the house that must be satisfied before a sale can be made?
"Lien stripping" in Chapter 13 bankruptcy allows certain homeowners to get rid ...
be more than what your house is worth before you can get rid of your second
mortgage. If you have three mortgages, then you can strip both your second and
third ... If you complete the plan, anything left on the mortgage is discharged (
Aug 8, 2013 ... Written claims (proof of money owed under the mortgage): Lenders also are
usually ... If you are really not in default, and the debt and interest have been paid
on time ... A bankruptcy filed before the foreclosure sale will “stay” or temporarily
stop .... first mortgage is more than 80% of the value of the property.