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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...

Chapter 7 and Your 2nd Mortgage | Bankruptcy Attorney David Nelson

bankruptcy-temecula.com/bankruptcy/chapter-7-and-your-2nd-mortgage/

However, the 2nd Mortgage or Heloc would still have a lien on the property. ... and you must get that in writing from the bank before you mail your cashier's check. ... More than 70% don't get a chapter 13 discharge because something happens that .... I understand that the loan was discharged off in the bankruptcy and they ...

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

info.legalzoom.com/happens-bank-charges-off-heloc-after-chapter-7-discharge-25687.html

HELOC lenders may still have a lien on your home after bankruptcy. ... What Happens to an Unsecured Loan After Chapter 13 Has Been Dismissed? ... Loans secured by your property, such as a mortgage and a home equity line of credit ... discharge of debts in bankruptcy, the lender still has the option to charge off the loan ...

Chapter 7 already discharged - mortgage not reaffi... - Page 4 ...

ficoforums.myfico.com/t5/Bankruptcy/Chapter-7-already-discharged-mortgage-not-reaffirmed-foreclosure/td-p/1085352/page/4

We are 2 years past our Chapter 7 discharge and mortgage was ... Bankruptcy ... in WA its 6 years. if they do not act before then they wave right to collect. ... My 1st Mortgage is with CitiMortgage- my payments have always been made ... was a lien on my house from the HELOC company but I could have this ...

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...

Underwater? Negotiating a Settlement On a Second Mortgage

blog.credit.com/2011/07/underwater-negotiating-a-settlement-on-a-second-mortgage-34789/

Jul 13, 2011 ... Lenders don't typically settle on loans that have been kept current. ... before agreeing to a settlement on a second mortgage or HELOC. ... want to talk with a bankruptcy attorney to find out whether bankruptcy would be a ... happen would be that the lien would be taken off and documented at the courthouse.

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 .... that the property could be sold for less than the balance on the your loan.

Just Received a 1099-C? Don't Freak Out! | Credit.com

blog.credit.com/2012/02/just-received-a-1099-c-dont-freak-out-52318/

Feb 2, 2012 ... You may not have to pay taxes on the amount of the income listed on the ... A copy has already been sent to the IRS. ... If they were discharged in bankruptcy, then read the previous .... My wife and did a short sale on our rental property. ..... I paid my new loan off last year and received a 1099-C stating the ...

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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...

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

robertweed.com

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 ...

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 can ... I have been writing about consumer protection issues, and making sense of ... in 2012 but now I'm showing a lien from my HELOC that was discharged .... I then divorced and did a quit claim deed on property to my ex husband.