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Bank of America Forgiveness Letter
All had two from Indymac.
Sent from my Stella Havkin's IPhone
On Dec 14, 2012, at 10:14 AM, Jim Selth wrote:
> We had one client get the second TD forgiveness letter from Chase and about 5 from B of A. The Chase letter clearly states that the lien will be reconveyed; the Bank of America letter doesnt, but I called a rep at B of A who said that yes, the liens would be reconveyed. All of our clients received the letter before filing bankruptcy; and in fact the forgiveness of the second TD caused one client to decide not to file because of concerns that the equity with the second forgiven exceeded the homestead exemption.
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> Jim
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> James R. Selth
> Certified Bankruptcy Specialist*
> Weintraub & Selth, APC
> 11766 Wilshire Boulevard, Suite 1170
> Los Angeles, California 90025
> Telephone: (310) 207-1494
> Facsimile: (310) 442-0660
> E-Mail: jim@wsrlaw.net
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> *Certified by State Bar of California as Certified Legal Specialist in Bankruptcy Law
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Charles Shamash
> Sent: Thursday, December 13, 2012 10:39 PM
> To: cdcbaa@yahoogroups.com
> Subject: Re: [cdcbaa] Bank of America Forgiveness Letter
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> Wow. Chase too? Only seen/heard BofA
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> Sent from my iPhone
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> On Dec 13, 2012, at 10:37 PM, "Havkin Stella" wrote:
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> Yes. I have had them with Chase as well.
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> Stella
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> -----Original Message-----
> Sent: Dec 13, 2012 5:58 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Bank of America Forgiveness Letter
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> Have any of you seen Bank of America issue the reconveyance letters in chapter 7 cases? I have only had clients receive them in chapter 13 cases.
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> Larry
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The post was migrated from Yahoo.
Have seen quite a few.
The issue is, they are 'forgiving' the loan, but we have not explicitly seen them saying they are releasing the lien on title.
I have a client in a 13 who got the 'we are forgiving the loan' letter, but at the same time I got a letter at the office offering a stip essentially with the Lam terms 'if the 13 completes'. Why would that matter if the forgiveness is real?
I know we all love and trust the banks, but cya.
Gail
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> Wow. Chase too? Only seen/heard BofA
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> Sent from my iPhone
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> On Dec 13, 2012, at 10:37 PM, "Havkin Stella" wrote:
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> Yes. I have had them with Chase as well.
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> Stella
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> -----Original Message-----
> Sent: Dec 13, 2012 5:58 PM
> To: cdcbaa@yahoogroups.com
> Subject: [cdcbaa] Bank of America Forgiveness Letter
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> Have any of you seen Bank of America issue the reconveyance letters in chapter 7 cases? I have only had clients receive them in chapter 13 cases.
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> Larry
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The post was migrated from Yahoo.
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Yes. I have had them with Chase as well.
Stella
BR>Sent: Dec 13, 2012 5:58 PM To: cdcbaa@yahoogroups.com Subject: [cdcbaa] Bank of America Forgiveness Letter
Have any of you seen Bank of America issue the reconveyance letters in chapter 7 cases? I have only had clients receive them in chapter 13 cases.
The post was migrated from Yahoo.