Maybe someone can help me understand. Aug 2009 Dc BK7 and included house of course. Continued making payments until May 2011 and was then transferred to Ca. Anyway made no payments. I haven't heard anything until a couple weeks ago when I got a letter from Bof A stating there were transferring my loan to Greentree Servicing. Today, i get a letter from BofA stating that they would accept a Deed in Lieu of Foreclosure which will release me from all responsibility to repay.
It says they are working with REDC Default Services and I will receive a call from them within 5 days and they will try to talk me into the Deed.
I am really confused here. First, my BK7 wiped the debt, Secondly, what happened to Greentree, and Thirdly, I am not sure how to proceed. Any assistance or experience you can share would be much appreciated!
did you reaffirm the mortgage during your BK? if you did, then you are on the hook for it.
No, we did not reaffirm the mortgage