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    #16
    No way. You are settling the debt without any mention of the lien. The debt has already been settled in the BK. Your wording needs to be around them releasing the note and nothing else.

    DON'T DO IT!!!
    11/23/'10-filed ch 13. 1/6/'11-341, confirmed. Below median. Plan completed 11/30/2015. DISSCHARGED 4/4/2016.JP

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      #17
      While looking about I was thinking of this thread and the bank was quite slick in attempting to get you to pay any amount on this bk debt. Man we need to be careful. I think this is deceitful practices. I wonder if the body that governs them would like to see your transcript of this discussion?
      11/23/'10-filed ch 13. 1/6/'11-341, confirmed. Below median. Plan completed 11/30/2015. DISSCHARGED 4/4/2016.JP

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        #18
        Thanks, I would love to provide the transcript. You are completly right! I'm calling them now!

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          #19
          Hmmm...I just spoked to someone on the BK department and she said this is a standard letter an nothing else can be added. She said the lien will be released after payment is received. Now I'm very confused!!!

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            #20
            Originally posted by carlos74 View Post
            Hmmm...I just spoked to someone on the BK department and she said this is a standard letter an nothing else can be added. She said the lien will be released after payment is received. Now I'm very confused!!!
            If that is so they can put it in writing for you.
            11/23/'10-filed ch 13. 1/6/'11-341, confirmed. Below median. Plan completed 11/30/2015. DISSCHARGED 4/4/2016.JP

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              #21
              In today's real estate market, many lenders holding second trust deeds are willing to negotiate. They know that if the debtor walks from the property, they will receive nothing. Any deal you make with these people should be in writing. It seems it would be in their best interest to settle and get something. Every lender is different and depends heavily on what kind of losses they have already sustained. Keep your fingers crossed and push on forward. Hopefully you'll get some good news!

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                #22
                Get the release of lien in writing before doing it. Anyone who says they "can't" do it needs to be asked who "can" do it.

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