Judgment Liens And Bankruptcy
if certain judgement liens were discharged under chapter 7 bankrupcty do they still have to get paid off if they decide to sell their home. will a title company make an exception to title even thought these liens were discharged...is there a certain amount of time one should wait after a chapter 7 to sell their property...
the specifics are....house worth 160k, 0we 135k they will clear about 15k after all expenses if it sold at that price...
liens that were discharged form bankrupcty were:
credit cards- $3,500
car loan- $6,200
medical bills- $150,000
the slate is clean except the mortgage on their house for 135k.
Everything that was included in the chapter 7 is wiped out. You can verify what was in the BK by looking at the discharge papers.
As a loan officer I couldn’t do anything for the current homeowners at 84% LTV but if you have decent credit and income I could finance you.