I am in the process of a chapter 7 bankruptcy. I wanted to inquire about the chances of settling a 2nd mortgage (HELOC) after my debts are discharged.
The home info is as follows:
1st Mortgage: $132k, acquired in 2003
2nd mortgage: $240k, acquired in 2005
Approximate...
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Settling 2nd Mortgage
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Settling 2nd Mortgage
I am in the process of a chapter 7 bankruptcy. I wanted to inquire about the chances of settling a 2nd mortgage (HELOC) after my debts are discharged.
The home info is as follows:
1st Mortgage: $132k, acquired in 2003
2nd mortgage: $240k, acquired in 2005
Approximate... -
Chances of settling second
We are in the middle of chapter 7 and will have a discharge toward summer.We owe approx. 200,000 on the first and the lender seems willing to agree to forebearance which is what we would need. The amount on the second is approx. 210,000 but the house is worth around 250,000.If the second wanted to foreclose... -
settling 2nd mortgage before filing chapter 7
Hi, I am new to this forum and I am about to file for chapter 7 bankruptcy. I have already retained a lawyer and have filled out all of the paperwork. Here is my situation. I have just gotten a professional appraisal on my house which came back for $325,000. I owe $321,000 on my 1st mort., $30,000...