Forclosure after Ch 7 BK

[beth_anne]

Hello,
My Ch7 BK was discharged in Oct 08, and I recently checked my credit report and noticed that there was still a loan balance and past due amount for my house I included in my BK. It is currently in forclosure, with a sale date of Dec 29 08. I know I am not obligated for this debt, but once the house is sold, will the past due and remaining mortgage balance go off of my credit report?? Does it need finish the forclosure process? Any insight would be great. Thanks!

[BROKENN]

I think it will correct itself after all is said and done.

Getting a new life and rebuilding is important now Hang in there.

[StartingOver08]

Your house mortgage is supposed to show IIB and a zero balance. You included the house in the CH 7 right? You did not reaffirm the debt? Then the CRA is misreporting the info. You will need to dispute with the CRA.

[mrbsf]

Your house mortgage is supposed to show IIB and a zero balance. You included the house in the CH 7 right? You did not reaffirm the debt? Then the CRA is misreporting the info. You will need to dispute with the CRA.

Ditto