Hello All,
I just got the discharge from the court, finally done after five years, my lawyer sent me a email that we are done with the Bankruptcy but that there is one think left to do, see below.
It’s to do a recordable order for the mortgage that stripped off. this was for the line of credit that I had but was stripped.
This order is to basically protect you in case you decide to sell the property, if you did, they will most likely ask you for the bankruptcy documents (which probably would be the complete petition & discharge) to verify that the mortgage was taken off, yet if you have this order recorded in the County, once the title company pulls info on the property it will show and there will be no need for you to have to look for documents for proof.
This is a process, where we need to do a motion for the order, we go to court and once we have the order, we give it to you to have it recorded. This has a fee of $525.00, and you do not attend court,
It is up to you, please advise of your decision.
Thoughts? hurts to drop $525 but if I need to do it I will, I am planning to refinance to 15 years in a few months.
I just got the discharge from the court, finally done after five years, my lawyer sent me a email that we are done with the Bankruptcy but that there is one think left to do, see below.
It’s to do a recordable order for the mortgage that stripped off. this was for the line of credit that I had but was stripped.
This order is to basically protect you in case you decide to sell the property, if you did, they will most likely ask you for the bankruptcy documents (which probably would be the complete petition & discharge) to verify that the mortgage was taken off, yet if you have this order recorded in the County, once the title company pulls info on the property it will show and there will be no need for you to have to look for documents for proof.
This is a process, where we need to do a motion for the order, we go to court and once we have the order, we give it to you to have it recorded. This has a fee of $525.00, and you do not attend court,
It is up to you, please advise of your decision.
Thoughts? hurts to drop $525 but if I need to do it I will, I am planning to refinance to 15 years in a few months.
Bankruptcy Wizard
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