Here is my scenario and I am in Southern California:
1st loan - modified in 2010 with current principal balance of $568,139.47 (as of 11/16/20); account is current with no late payments since modification
2nd loan - last payment made was January 2009; loan charged off approx. July 2009 and was discharged in Chapter 7 BK in Dec. 2010; balance at time of BK was $48,547 and was serviced by Ocwen at that time; loan has been transferred to other servicers since then and current servicer is Shellpoint Mortgage. There has been no collection efforts and loan will mature in June 2021.
The current value of the property is over $950K and we are looking into probably selling the property or perhaps refinancing. We have rebuilt our credit and it is in very good standing. The current liens showing on the property are the two loans mentioned above
Since the 2nd was discharged in a Ch7 BK, is there a possibility in trying to get the lien removed without a payoff and what grounds can we possibly present to the 2nd lienholder?
1st loan - modified in 2010 with current principal balance of $568,139.47 (as of 11/16/20); account is current with no late payments since modification
2nd loan - last payment made was January 2009; loan charged off approx. July 2009 and was discharged in Chapter 7 BK in Dec. 2010; balance at time of BK was $48,547 and was serviced by Ocwen at that time; loan has been transferred to other servicers since then and current servicer is Shellpoint Mortgage. There has been no collection efforts and loan will mature in June 2021.
The current value of the property is over $950K and we are looking into probably selling the property or perhaps refinancing. We have rebuilt our credit and it is in very good standing. The current liens showing on the property are the two loans mentioned above
Since the 2nd was discharged in a Ch7 BK, is there a possibility in trying to get the lien removed without a payoff and what grounds can we possibly present to the 2nd lienholder?