4 years ago, my husband and I filed for chapter 13 bankruptcy. I thought that our 2nd mortage was included in the bankruptcy, and had no reason not to, until a month ago, when we get a call out of the blue from the bank's collection agency demanding the full payment of the loan, plus interest which on the original loan on 27,500.00 is now at 33,000.00. Now, for over 4 years I have not received the first late notice or phone call from the bank to tell me I was late on a payment. I made a horrific mistake and want to take care of it, but do not have that kind of money. We have been discharged from the Bankruptcy for over 1 year as well, and this is our 1st notification of any problems. Out credit report even says the account is paid as agreed. I had no reason not to think this account was not included. Now Im going to loose my house. The recovery agency says they'll sell the house, pay off the 1st mortgage and get whatever they can for the 2nd and send us a bill for the the remainder
2006-11-12
12:46:14
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4 answers
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asked by
USCFAN
1
in
Renting & Real Estate