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2nd Mortgage in BK 7

Date: Thu, 09/17/2009 - 15:10
Submitted by on Thu, 09/17/2009 - 15:10
Posts: 202330
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Ok...so I've been trying to modify my 1st mortgage and got a letter today that said I was denined so I called to find out why and they said we make too much money. I know that couldn't be right so I called and asked for a supervisor. She walked through my application and found the 2nd mortgage wasn't listed on my list of debts. So she looked at my credit report and my 2nd mortgage wasn't listed. I've also been trying to modify the 2nd, but can't get any info or a return call from GMAC. So I pulled my credit report and under the GMAC 2nd mortgage it says "Debt included in or discharged through Bankruptcy Chapter 7, 11, or 12". Does this mean my 2nd mortgage was discharged? I didn't think you could do that? What do you guys think?


Yes, my Chapter 7 was discharged in July. We didn't reaffirm the mortgages, but I have been paying the 1st inorder to try and keep the house. Would we have had to do something special to have the 2nd included in the discharge or would that just have been done automatically? If so, can they do anything to try to recoop the money? We would like to stay in the house for a couple more years and then try to sell. It will mostly likely have to be a short sale since I'm sure we can't get enough money to cover the 1st and 2nd mortgages.


Submitted by on Thu, 09/17/2009 - 18:09

( Posts: 202330 | Credits: )