You are here:
- Home
- Business
- Corporate Law
- Collections Law
- foreclosed house
Collections Law/foreclosed house
Advertisement
Question
I had a house that I filed bankruptcy 7 and did a reaffirmation of debt, then filed a chapter 13 to save it during my divorce. The house was eventually foreclosed on, the first mortgage did a release of stay and sold the house and said the debt was settled but the second mortgage sold it to someone and sued use civilly and now has a judgement against me and my ex-husband. The second mortgage has since been sold three times and we were told it all started with predatory lending. How do I get this judgement over turned of challenged because the new mortgage company threatened to foreclose on the house but we no longer own this house and now I do own a new home and I want to protect this house from this debt that was made with my "ex-husband".
My question is did you reaffirm on the second mortgage? If so you may be stuck with the bill. You probably need to seek legal advice. This is a bit of a sticky wicket which requires more information. I cannot answer your question completely based on such limited information.
Related Articles
Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
©2012 About.com, a part of The New York Times Company. All rights reserved.