Hello. Prior to filing for Chapter 13 bankruptcy three years ago, I purchased a house with an 80/20 loan. I was told that the "80" loan was typical mortgage loan while the "20" was more of a home equity style loan. Anyway, I guess I never really paid much attention to the loan types. But now that I have filed bankruptcy (I am still paying both mortgage loans), my credit report shows that the "20" loan is included in my bankruptcy and is therefore counting against me. If it's included in my bankruptcy, should I even be making my monthly payments on the loan?
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Don't depend on your credit report to sort out financial matters as important as your home mortgage. Call your lawyer and sort out your mortgage issues.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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