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You filed chapter 7 in 2004 your second mortgage and a home improvement loan was included and dismissed Does that mean you can eventually sell your house and won't have to worry about those two loans?
Wiki User
∙ 18y ago
"Dismissed" generally means the debt was not included in the BK and is still valid. "Discharged" means the debt was included in the BK and is no longer valid. No, because the house secured the loan. Technically, the bank probably owns more of the house than you do and they're certainly happy that you did all of those improvements for them and are thinking of walking away from the payments.
Wiki User
∙ 18y ago
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With a Ch.7 can you reaffirm your first mortgage but have your second mortgage dismissed?
NO. The second mortgage is still secured by the property. Therefore it has to be reaffirmed or paid according to the stipulations of the lender.
What is the purpose of a home improvement mortgage loan?
The purpose of a home improvement mortgage loan is to borrow money against the value of a house in order to carry out improvement work. Typically, this would be intended to increase the value of the house.
If you are dismissed from a chapter 13 and have your mortgage reinstated can you refinance your home?
You can refi a day out discharging of bankruptcy depending on the situation.
What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Which item is usually NOT included in a mortgage loan payment?
Principal
Mortgage foreclosure dismissed for want of prosecution?
The mortgage company did not go to their own court date and the foreclosure was dismissed. They will be able to refile it if it was without prejudice.
Which mortgage protection service or company covers payments if you were dismissed in your job?
none
With a Ch.7 can you reaffirm your first mortgage but have your second mortgage dismissed?
NO. The second mortgage is still secured by the property. Therefore it has to be reaffirmed or paid according to the stipulations of the lender.
What is the purpose of a home improvement mortgage loan?
The purpose of a home improvement mortgage loan is to borrow money against the value of a house in order to carry out improvement work. Typically, this would be intended to increase the value of the house.
Can you file bankruptcy on your house after chapter 7 discharge?
Your mortgage should have been included in your chapter 7 discharge. If it was- then you are no longer liable for the mortgage, but the lender can still foreclose on the property. If the mortgage was not included- then why wasnt it included.
We own the 2 acres that our home is located on so how does this affect a reverse mortgage?
If you granted a reverse mortgage to a bank the 2 acres would be included in the grant.If you granted a reverse mortgage to a bank the 2 acres would be included in the grant.If you granted a reverse mortgage to a bank the 2 acres would be included in the grant.If you granted a reverse mortgage to a bank the 2 acres would be included in the grant.
Can a 2nd mortgage be included in Chapter 13?
Yes.
How can you assume your deseased parents mortgage?
That right may be included in the body of the mortgage, which you can review at the land records office. You need to discuss it with the lenderThat right may be included in the body of the mortgage, which you can review at the land records office. You need to discuss it with the lenderThat right may be included in the body of the mortgage, which you can review at the land records office. You need to discuss it with the lenderThat right may be included in the body of the mortgage, which you can review at the land records office. You need to discuss it with the lender
What is punishement of non recognition of pronote in Pakistan Law?
In a mortgage case dismissed with prejudice, does the defendant win or lose?
If you are dismissed from a chapter 13 and have your mortgage reinstated can you refinance your home?
You can refi a day out discharging of bankruptcy depending on the situation.
What is the statute of limitations on second mortgage in CA?
A second mortgage is not included in a Statue of Limitation law. Explain more about your first mortgage, and I will be able to tell you what will happen to your second mortgage.
Where do they send the money for mortgage payoff?
The money must eventually get to the mortgage holder. I am not sure what you want to know.
