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"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 "Discharged" means the debt was included in the BK and is no longer valid.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.

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โˆ™ 2006-03-08 23:53:04
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Q: 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?
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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.


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.


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.


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.


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


Can a 2nd mortgage be included in Chapter 13?

Yes.


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.


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 punishement of non recognition of pronote in Pakistan Law?

In a mortgage case dismissed with prejudice, does the defendant win or lose?


Which item is usually NOT included in a mortgage loan payment?

Principal


Does a timeshare have to be included in your debt to income ratio when applying for a mortgage?

If you have a monthly payment, then the amount needs to be included. The lender is doing this so that they know you have the money to pay the mortgage, and that you are not financially overextended.


What does mortgage home improvement mean?

It means that you take out a second mortgage to help make home improvements on your house. This often raises the value of your house if you are selling it.


How long will a dismissed bankruptcy stay on your credit report?

i am A Mortgage Broker The Bankruptsy Never Leaves The VCredit Report But if You Are Trying To Do Something With Your Credit Banks Go off The Discharge Date * 10 years for a dismissed chapter 7 and 7 years for a dismissed chapter 13.


What happens to your mortgage when the person holding it died but the deed is in both of your names and you pay the taxes?

The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.


Can land be included in reverse mortgage?

No, land is typically not included in a reverse mortgage. Any type of underdeveloped land is not included in a reverse mortgage.


From which companies can one get a home improvement loan quote?

There are several places to get quotes for home improvement. The first place to start is the bank for which you have the mortgage or there is myfico where you can calculate what you may be eligible for.


If your home is foreclosed by the bank can they also take and sell another piece of property that was not included in the foreclosed mortgage?

No. If the other parcel of land was not included in the mortgage then the bank had no right to possession of that parcel. The title would still be in your name.


Where can one find information on home equity improvement loans?

One can find information on home equity improvement loans online on websites, such as Nationwide, Mortgage 101 and TD Bank. There are different types of home equity improvement loans.


Who owns the house when a foreclosure has been dismissed without prejudice?

The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.The person named in the current deed owns the house but the property is subject to the mortgage. The bank may be able to clear their title problems that led to the foreclosure being dismissed and file the foreclosure at a later date if it remains in default.


Where can one go for a home improvement mortgage?

There are many places where one can get a Home Improvement Mortgage. Banks will offer mortgages at different fees and rates. It is best if one spends time looking for what Bank best fits ones needs. The best place to start is with any Bank that is already in use by the person.


Can a mortgage be in a will?

Yes. For clarification, the person who is owed the money in a mortgage transaction is the mortgagee and the mortgagee owns the mortgage. If the mortgagee dies the mortgage is included in their estate as personal property. The mortgagee can make provisions in their will regarding a mortgage they own. The balance on the debt due can be inherited by their heirs or the mortgagee can forgive the mortgage in their will. If there is no will then all the rights under the mortgage pass to the heirs at law under the state laws of intestacy when the decedent's estate is probated.Yes. For clarification, the person who is owed the money in a mortgage transaction is the mortgagee and the mortgagee owns the mortgage. If the mortgagee dies the mortgage is included in their estate as personal property. The mortgagee can make provisions in their will regarding a mortgage they own. The balance on the debt due can be inherited by their heirs or the mortgagee can forgive the mortgage in their will. If there is no will then all the rights under the mortgage pass to the heirs at law under the state laws of intestacy when the decedent's estate is probated.Yes. For clarification, the person who is owed the money in a mortgage transaction is the mortgagee and the mortgagee owns the mortgage. If the mortgagee dies the mortgage is included in their estate as personal property. The mortgagee can make provisions in their will regarding a mortgage they own. The balance on the debt due can be inherited by their heirs or the mortgagee can forgive the mortgage in their will. If there is no will then all the rights under the mortgage pass to the heirs at law under the state laws of intestacy when the decedent's estate is probated.Yes. For clarification, the person who is owed the money in a mortgage transaction is the mortgagee and the mortgagee owns the mortgage. If the mortgagee dies the mortgage is included in their estate as personal property. The mortgagee can make provisions in their will regarding a mortgage they own. The balance on the debt due can be inherited by their heirs or the mortgagee can forgive the mortgage in their will. If there is no will then all the rights under the mortgage pass to the heirs at law under the state laws of intestacy when the decedent's estate is probated.


What is a reaffirmed mortgage?

A reaffirmed mortgage is one that was included in a bankruptcy but the homeowners get to keep the home instead of losing it back to the bank. The payments and length of loan may be adjusted.