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Spouse got BK ar7 discharge over 3 yrs back, which incorporated 1st house loan and LOC on the home with Bank of The us. Continued to pay for both equally for 1 12 months soon after discharge and stopped because of shedding great career. Settled LOC and acquired release of lien. We are actually in the final stages of negotiating a short sale with financial institution. 1st mortgage was bought to investors by Fannie Mae.
You’re stuck Using the lien. If your bank is no longer settling 2nd mortgages Then you definately’re stuck Using the offer you at first visite site signed whenever you signed the deed of believe in.
I feel we spoke to the phone relating to this nowadays, and I my blog suggested you Speak to Tony Sobak at Sobak Financial, did you have an opportunity to contact him?
Thats a short sale .. proper? They would consider any proceeds above what the main home finance loan harmony is! So, Is that this suitable, can they do that? Not give us a settlement and make us do a short sale to provide?
My moms and dads are the other way up on the home and they are retired and having difficulties for making their payments… Is there in any case to include the 2nd in bk right after its been discharged?
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