Hello,
Not sure of where to put this. I'm post bk7, 2009 and current on my 1st mortgage which was modified by Chase and living in house. Tried to modify 2nd mortgage but it was charged off by Chase because I didnt make a payment in a year and now sent to this debt collector. I now plan...

I filed chpt 7 and 1st and 2nd mrtg were discharged and not reaffirmed! A couple of months ago I found out that the second mrtg with Citimortgage is not recorded at my county's registrar of titles, I have not pay them in about 2 years, now debt has been charged-off and with their recovery department...

There has been a lot of discussion of junior mortgages but I don't believe I have seen it from this angle yet. You guys have lots of experience and I welcome your viewpoints.

(Background for new readers)
If you have a first mortgage on your property, the bank must go through a...

Just received my discharge in the mail this week. Reaffirmed our first mortgage, but did not reaffirm the second mortgage. My question is: should we continue to pay the second mortgage? I understand a lien will still be there, but just wondering from a financial perspective, if it makes more sense...

Hi,

I filed Ch13 last year as my husband was laid off for 15months and had high credit cards, 2nd Mort. was not stripped, I owe $215,000 on 1st Mort., $90,000 on 2nd Mort, house was evaluated last year at $265,000-$275,000, BK Atty. said we couldn't strip it. I was approved for a loan...

Hi,

My wife and I were discharged Ch 7 about 6 weeks ago. We have not paid our second mortgage on our home - HELOC $175,000 for the past 6 months. First mortgage also has been brutally behind, but just paid it up current.

As far as I know, there was never any re- affirmation...

We filed chapter 13 about 6 months ago and did not include the house in the bankruptcy but did include the second mortgage of $60,000. We are way upside down on our house and have tried to work with the mortgage company for a modification in vain. I have a good job I have been at for almost 40 years....

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...

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...

My wife is filing for chapter 7 personal bankruptcy. She has run her own business, set up as an S Corporation, for over 10 years but now has accumulated enough debt that it doesn't make sense to continue operating the company based on the declining revenue. Most debt is credit cards, but some are...