Trust Deed Payments rejected by lender because of>=
Posted: Wed Mar 03, 2010 5:47 pm
That's like asking if it's raining, must it be a Tuesday. They are
unrelated. You get a discharge if you don't violate Sect 727. It has
nothing to do with a fully mortgaged property.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Alik Segal
Sent: Wednesday, March 03, 2010 5:35 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Trust Deed Payments rejected by lender because of
bankruptcy filing
Is it generally true that a debtor who
1) owns a real property with a mortgage,
2) has no equity in that property and
3) is current on the mortgage
can ride through a chapter 7 bankruptcy case and wipe out unsecured debt?
Alik Segal
On 3/2/10, David A. Tilem wrote:
> sounds like wife needs an emergency relief from stay motion......
>
>
>
> David A. Tilem
> Certified Bankruptcy Specialist*
> Law Offices of David A. Tilem (a debt relief agency)
> 206 N. Jackson Street, #201, Glendale, CA 91206
> Tel: 818-507-6000 Fax: 818-507-6800
>
> * Bankruptcy specialist cert. by State Bar of CA Bd of Legal
> Specialization.
> Business bankruptcy specialist cert. by Amer. Bd. of Certification
>
>
> -----Original Message-----
[mailto:cdcbaa@yahoogroups. com] On Behalf
Of
> Mark Jessee
> Sent: Tuesday, March 02, 2010 4:32 PM
> To: cdcbaa@yahoogroups. com
> Subject: [cdcbaa] Trust Deed Payments rejected by lender because of
> bankruptcy filing
>
>
>
>
> Chapter 7 debtor is the coobligee on a note and trust deed on ex-wife's
home
> purchased during marriage. Debtor no longer on title, but still obligated
on
> note. Ex-wife makes all payments timely. As soon as bk filed, lender
refuses
> to accept payments from ex-wife returning them because the loan is "in
> bankruptcy". The lender of course refuses to speak with ex-wife, because
> lender's employees are not able to distinguish her as the borrower not in
> bankruptcy from her ex-husband who is the debtor in the Chapter 7 case.
>
> Under what lawful basis, if any, can the lender refuse and return trust
deed
> payments tendered to it on a loan that is current, just because one of the
> borrowers is a debtor in bankruptcy?
>
> Mark Jessee
>
>
>
>
>
Alik Segal
Alik.Segal@gmail. com
310-367-3626
Cal. CD, Los Angeles
Message
That's like asking if it's
raining, must it be a Tuesday. They are unrelated. You get a
discharge if you don't violate Sect 727. It has nothing to do with a fully
mortgaged property.
David A.
Tilem
Certified Bankruptcy
Specialist*
The post was migrated from Yahoo.