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What Happens with a HELOC in Bankruptcy? - AllLaw.com

www.alllaw.com/articles/nolo/bankruptcy/heloc-bankruptcy.html

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 ...

After Bankruptcy, Do I Owe On 2nd Mortgage? | Bankrate.com

www.bankrate.com/finance/mortgages/after-bankruptcy-owe-2nd-mortgage.aspx

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...

Get Lien Off Property After Bankruptcy | Bankrate.com

www.bankrate.com/finance/debt/get-lien-off-property-after-bankruptcy.aspx

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 court...

After Bankruptcy: Why did Bank of America Forgive My Second ...

robertweed.com/2012/10/29/after-bankruptcy-why-did-bank-of-america-forgive-my-second-mortgage/

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.

How will I know when my debts have been discharged in bankruptcy ...

www.quora.com/How-will-I-know-when-my-debts-have-been-discharged-in-bankruptcy

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 ...

Can a Foreclosure Happen After Bankruptcy Discharged the Debt?

thelawdictionary.org/article/can-a-foreclosure-happen-after-bankruptcy-discharged-the-debt/

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 the HELO...

After bankruptcy what if I don't pay my second mortgage? |Robert ...

robertweed.com/2010/03/25/after-bankruptcy-what-if-i-dont-pay-my-second-mortgage/

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 ...

Should I Reaffirm My Mortgage Debt After Bankruptcy? | Equifax ...

blog.equifax.com/real-estate/should-i-reaffirm-my-mortgage-debt-after-bankruptcy/

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?

Getting Rid of a Second Mortgage in Chapter 13 Bankruptcy | Nolo ...

www.nolo.com/legal-encyclopedia/rid-second-mortgage-chapter-13-bankruptcy.html

"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 ( wiped ...

Understanding Your Foreclosure Rights | Expert Advice from Credit ...

www.credit.com/debt/understanding-your-foreclosure-rights/

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.

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Bankruptcy
Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors... More »
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3 Ways To Lose A HELOC, Keep The House | Bankrate

www.bankrate.com

Nov 3, 2015 ... I have a line of credit secured by my house (a home equity line of ... If I declare Chapter 7 bankruptcy, will the line of credit (like a credit ... rather receive something than be forced to write off another loan. ... Be sure that's the case before drawing a line in the sand with the .... What happens if I stop pay...

What Happens When a Bank Charges Off Your HELOC After a ...

info.legalzoom.com

HELOC lenders may still have a lien on your home after bankruptcy. ... Loans secured by your property, such as a mortgage and a home equity line of credit, can ... you a loan if you've been through a bankruptcy, no matter when you filed for it. ... or discharge the HELOC loan in bankruptcy, then the lender still has the right to ...

Is My Mortgage Discharged In Bankruptcy Free and Clear?

www.findmywayhome.com

Oct 7, 2015 ... To buy again after bankruptcy you have to wait for 24 months before you .... insurance on it, maintain it, and write off expenses and depreciation). ..... The house has been vacant all this time, and the bank has refused to do anything with it. ... but now I'm showing a lien from my HELOC that was discharged.