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2nd loan question after Chpt 7 has been discharged

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    2nd loan question after Chpt 7 has been discharged

    We owned two homes and surrendered both in Chpt 7. On our first home the 1st lender foreclosed in Dec. and the 2nd lender just sold the note. I have been recieving confusing info about debt collection on the second note. One one hand I am hearing since it was included in the Chpt 7 it is not collectable but I have also heard they have 4 years to sue for breach of contract since the 2nd was not purchase money...does anyone have any idea. I am wondering because we are vacating our second home this month and it also has a second on it and I am concerned this will follow us forever. BTW we did not reaffirm either home

    #2
    you probably need to contact a BK attorney on this. This is a pretty unusual question.
    Oct 9, 2007 - Filed my Chapter 13! Scores: 527/509/528
    Jan 1, 2009 - Sent in my last payment! Scores: 635/628/585!
    Feb 11, 2009 - DISCHARGED & CLOSED!
    I AM NOT A LAWYER. ANYTHING I SAY IS NOT LEGAL ADVICE.

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