I just went through a chapter 7 here in California. My home had a 1st mortgage($640,000) and a heloc($120,000). Both of those loans were discharged in my chapter 7. I then contacted the first(wells Fargo) and asked if they could modify my discharged 1st mortgage. After 3 months of trying to modify my loan they did it. I have not signed anything but my second(heloc) put a lien on my property. My first and second are with wells Fargo. My home is worth $575,000. Wells Fargo is getting a subordination for the second. If I go through with this, say 6 years down the road, when the house may have some equiity, can the second force me to sell the house?
top Ad Widget
Collapse
Announcement
Collapse
No announcement yet.
Reaffirming 1st after chapter 7 discharge in california
Collapse