Sunday, June 22, 2014

We filed Chapter 7 two years ago. We have since been paying our first mortgage. We have just been notified that our mortgage has been purcha...

Question

We filed Chapter 7 two years ago. We have since been paying our first mortgage. We have just been notified that our mortgage has been purchased by a third party. Technically they don't have a mortgage to sell, do they?



Answer

Yes, they still have a lien on the property and if you do not pay the mortgage they can foreclose. The debt has been discharged as to you, not as to the property.



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