     Barbara | Tuesday, March 28, 2000 - 11:59 am 
I went to a local CCCS in 1998 with a foreclosure notice on a second home and asked for help. Their rep told me that the lender of this mortgage on the 2d home could not come after my first home, which is current in payments. I believed them and am waiting for credit reports to see if they actually placed a lien on the 1st home.
I filed bankruptcy to buy time and found private buyer who paid a lot more than the lender wd have gotten at the threatened auction sale. They accepted the sale for less than was owed, thanks to my US Senator's intervention. But my closing attorney says they can come after me forever. The lender never sent me a discharge letter and I'm afraid to ask.
My question is who to trust. Where can I go now to find accurate info? The CCCS was wrong and the lawyer is prejudiced in favor of lenders who are a larger and more lucrative part of his clientele.
I have no credit card debt but was refused a new account because of the bankruptcy and foreclosure.
I received free reports from all 3 bureaus.
My main concern however is liability, as I am in my late 50s single and have few options. My big fear is they will come after my coop apt and pension.
Thanks for all the stuff on credit repair--I will use it to analyze the reports. I cannot afford a private attorney. Suggestions? Thank you. |
| senator | Wednesday, March 29, 2000 - 02:00 am
Not knowing what state you are in--best guess is that if you listed them (mortgageholder on the second property)on the debts owed in chapter 7 (need more details)(?)--they are discharged. Please be more exact in details provided. |
| Voigtkampff | Wednesday, March 29, 2000 - 06:59 am
Do not look to the credit reports alone to see if there is a judgment lien on your home. Look to the public records. If there is a recorded judgment lien, when was it recorded exactly? And exactly when was the bankruptcy filed? When was the discharge entered?
Are you in a homestead state? If so, did you make a declaration of homestead?
Did you list all creditors in the bankruptcy, including the mortgage company who obtained the foreclosure judgement and their attorney? |
