View Single Post
  #3 (permalink)  
Old 10-02-2007, 01:03 PM
arizonalover arizonalover is offline
Junior Member
 
Join Date: Oct 2007
Posts: 3
Default

How is it "weakly" to be argued ? If its in my pleadings anf in my final discharge then how is that a weak argument that it iwas included ? it ieither isnt or it is and it clearly was. But I could care less if they foreclose OR they sell the house - I dont care - let them do it - it isnt going to make me go back and catch up on the house, I dont want it anymore, flat out simple - but I just dont want to be hassled into anything else once its sold and I dont see how I can be if the hosue was included in BK ? Thanks for the reply but no they didnt reaffirm this on their own - each and every time up until the time I walked away from the home they would ask me "this debt has been included in a BK and therefore we are not attempting to collect a debt from you, etc etc, do you wish to keep the property?" (that was not only on the phone calls but also every peice of paper they ever sent me, including my monthly statements) at which time I usually answered yes, but when I answered NO they didnt know what to say back to me. They are the ones that told me in January that they would send me the deed in liew of foreclosure papers and they never did in spite of telling me that 4 times, the only time they finally brought up that they wouldnt do a deed in liee of, is after I had moved out and abandoned the property. And yes, this is showing up as a Chapter 7 BK on all my creidt reports as recent as last week and yes, tehy did sell the mortgage to one place and then THAT place again sold it 4 months later. So since Jaunary I have had 3 mortgage companies. And they never notified me until they had already done it - the new mortgage places are the ones that contacted me and said Hi, its a pleausure to be able to service your mortgage how can we help you ? Or some such garbage like that. I even asekd the new mortgage company why they would be so stupid as to buy a loan that was already in default and included in a BK ? The gal told me that blocks of loans were bought and sold all the time - I dont know about that, but it doenst make any difference to me why they sold it - just that I am being conned (or tried to anyway) into thinking that I am still liable for anything.

So bottom line - # 1 the mortgage was sold twice without my consent or knowledge til after the fact, # 2 the proptery is to be auctioned in 2 weeks # 3 - Wells Fargo (the original mortgage holder) reported this to all teh credit reporting agencies as being included in a BK Chapt 7

And yes my papers all say the same thing - the mortage was included and not reafirmed by me at the time of the Ch 7 filing and it was discharged.

My main problem is that I now live 1800 miles away - but I do still have all my paperwork - both the initial pleading and the final court papers that all say the same thing as well as my credit reports that show that Wells Fargo themselves report this as a BK included debt - I chekced with my attorney back then and asked him what would happen if I made the payments and lvied there and he said nothing, it was included in the BK and they couldnt get me out til I stopped payments - but it was included

Quote:
Originally Posted by TheJury'sStillOut View Post
Your timeline is a bit confusing, so please bear with my response. Did you continue to make mortgage payments after the bankruptcy was discharged? If so, there's a very good possibility your original mortgage company wasn't listed on the final schedule of creditors at the time of discharge. I'd suggest you compare your preliminary secured creditors schedule (at the time you filed) against this final schedule that was included with the discharge .. if that lender name appears on both, I think you could argue (weakly) that the property was in fact included. But if you continued to both occupy the property and make payments for that "year or so" after the discharge, in my opinion you reaffirmed that debt and then for whatever reason, defaulted on it.

It's not very likely your original lender transferred or sold a "bad loan" without proper notification. It's very possible that because you chose to make voluntary payments during and after the discharge, the lender reaffirmed the debt on your behalf (in effect, removed it from the bankruptcy.) You can't avoid foreclosure by simply writing letters .. you entered into a legally binding contract; you made a promise to repay at the time you closed on the house and agreed in the mortgage note disclosures you signed to also repay any future lienholders when/if the loan is transferred. Your original contract (mortgage,note, etc.) supercedes any correspondence (verbal or written) unless the other party chooses to renegotiate a new one. Period. Unless your final bankruptcy schedule clearly lists your original lender by name, in my opinion, you're still bound by that contract. As such, either the original lender or its subsequent assignees can legally pursue you, in this case, through foreclosure and sherriff's sale. They also have the legal right to notify the credit bureaus accordingly .. you will have a foreclosure entered after a discharged bankruptcy. (Current banking and credit laws allow this.)

That being said, there IS a chance of a massive banking 'foo-foo' here. I believe it all lies within your bankruptcy documents. If you can provide a copy of final discharge showing that original lender's name to the new lender, in my opinion, you're no longer liable. If your loan's been sold more than once (and it was included) I also agree you're not responsible and the lenders need to look into their own servicing/sale contracts for recourse. Unfortunately, it means you as the consumer must keep careful track of your credit report and if needs be, continously send the credit bureaus a copy of that same discharge and final creditors to have the correct information updated. I'd also suggest you keep copies handy for the future creditors; it'll help expedite your credit approval process. Just a thought.

Do yourself a tremendous favor and request a copy of ALL of your bankruptcy docs from the county where you originally filed. Cook County and other counties still maintain bankruptcy records through their courthouses, sometimes available eletronically for a fee. Make sure you also request a final discharge and final schedule of creditors as well. (There should be 2 separate schedules; prelim and final and hopefully they match.) Best bet in a complicated case such as this is to have either your original bankruptcy attorney (if still available) or have another attorney in your area (licensed in Illinois law) review them. A final suggestion here: if in fact, this is NOT your debt, you have certain rights. (see The Fair Debt Collection Practices Act, in particular § 805-6.) You may want to review this as well, and also discuss this with the attorney.

Good luck.

Last edited by arizonalover : 10-02-2007 at 01:08 PM.
Reply With Quote
Find Bankruptcy lawyer