Open Question: chapt 7 discharged but bank reports that i still owe them?

Open Question: chapt 7 discharged but bank reports that i still owe them?
chapt 7 got through in feb. but mortg bank reported credit agencies that i owe them 372k. the fact is the bank bought the house on foreclosure themselves, and reselling it right now. they said until the buyer shows up, they won't change the balance to my credit report, and won't have county record owner name change either. what's with this really…. i mean, is this legit? about a property, i didnt mind it to be foreclosed… thing is, the bank sent me debit/credit balance of foreclosure sale that happened, yet later i realized it was them who bought the house. looks like 2nd mortg was paid through them… and they are selling the home with remaining balance left, and that bal shows in my credit report as i owe them still. they said if home gets sold once, whatever money they settled minus current bal. may end up 1099c (didnt george bush clear that?) and show in my credit $ im so lost. how is this possible.
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Open Question: Please help me with a foreclosure question help?
Hi there I have been late on my mortgage and they sent me a letter bc i past due like close to $4000.00 if I dont pay by june 3 they said they are going to take action. What can I do can i put the house for sale so that it won't be in my credit . I don't have the money or borrow from someone esle. What can i do thank you so much
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Open Question: foreclosures in tn?
We are looking into buying a home in the tennessee area where can i find information about homes in foreclosure? Clay and Overton County area? Who can get me this information?
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Open Question: "No capital, no income" loans.?
Hair-raising expose on public radio today which showed that banks have been and continue to give mortgages to people who cannot show any mean to repay. The theory was that the banking system could tolerate a 10% foreclosure rate, and Wall Street created bonds (along with auto-designated high ratings for them) to allow international speculation on the US housing market. "We couldn't print them fast enough," said one trader. Well, foreclosure has now reached 16% and 50% is considered possible as the punctured balloon careens out of control. "We all sensed there was something wrong with the whole setup," said the pundit, "but everybody was making money and we had to lower our standards to be in the market at all." Call me Chicken Little, but it seems the sky has well and truly fallen in on the financial world. I had no idea how bad it was until I heard the figures today — No?
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Open Question: How does one order a title search on property (in the United States).?
I would like to buy my neighbor's house. She has since moved away and disconnected the phone. It will be foreclosed soon. I have been in the house many times so I think I know the condition. I plan to get the house at the foreclosure auction but I want to run a title search to see how big the liens are. Who do I pay? A title company? Real estate agent (prefer not to)?
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Open Question: Should our potential next president feel this way about our economy?
Even if he is a millionaire and his wife is a billionaire.. Actually Cindy McCain is the heiress to Anheiser-Busch…..Who sounds elitist?? John McCain's plan to ignore the economy "I will not play election year politics with the housing crisis," declared John McCain in a "major" speech on the economy to be delivered Tuesday morning in the Republican-friendly confines of Orange County, Calif. The implication being, of course, that his opponents are engaged in doing precisely that — taking advantage of the nation's deepening economic woes to score political points. Exhibit A: Hillary Clinton's "major" speech on the economy delivered in Philadelphia on Monday. It is instructive to compare the two speeches. Clinton's speech was larded with references to previous statements she has made concerning the housing crisis and Wall Street's credit crunch that date as far back as a year ago, and was packed with specific proposals for tackling the foreclosure crisis and associated ills. One can criticize or disagree with her analysis or approach, but the record is clear: the senator from New York has been engaged with the deteriorating economy in real time. McCain, in contrast, has no such record to fall back on, and made only two substantive policy proposals in his speech. First, it is time to convene a meeting of the nation's accounting professionals to discuss the current mark to market accounting systems. We are witnessing an unprecedented situation as banks and investors try to determine the appropriate value of the assets they are holding and there is widespread concern that this approach is exacerbating the credit crunch. We should also convene a meeting of the nation's top mortgage lenders. Working together, they should pledge to provide maximum support and help to their cash-strapped, but credit worthy customers. They should pledge to do everything possible to keep families in their homes and businesses growing. That's it. John McCain's economic plan is to convene a couple of meetings. Oh, and some more tax cuts. What's that I hear? The sound of Ohio voting Democratic? It's one thing to make a high-minded pledge to eschew "election-year politics." It's quite another to act willfully ignorant of the pressing concerns of millions of Americans. The bulk of McCain's speech's recaps the broad outlines of what has transpired in the housing sector and Wall Street over the past year and reads as if cribbed from various state-of-the-economy reports previously delivered by Treasury Secretary Hank Paulson and chairman of the Federal Reserve Ben Bernanke. It's hard to see any of it coming as news to his audience, since Orange County was ground zero for the subprime lending industry. McCain did say that "Capital markets work best when there is both accountability and transparency. In the case of our current crisis, both were lacking … When we commit taxpayer dollars as assistance, it should be accompanied by reforms that ensure that we never face this problem again. Central to those reforms should be transparency and accountability." If one was feeling charitable toward John McCain, one could interpret that paragraph as suggesting support for increased government oversight and regulation of the financial industry. But while Democratic legislators have been falling over themselves to suggest concrete ways to ensure more "transparency and accountability," McCain just waves at the issue. And in the course of making the sensible suggestion that financial institutions maintain "adequate capital to serve as a buffer against losses," he turns around and argues that the way to encourage that is "by removing regulatory, accounting and tax impediments to raising capital." Maybe McCain is hoping that his restatement of support for a corporate tax cut and his recommendation to remove "impediments" to capital-constrained financial institutions will get him some corporate contributions for his cash-strapped campaign. He certainly can't be imagining that any swing-state voters facing ballooning credit card bills or a foreclosure notice in the mail will see anything in his speech to assuage their concerns. But perhaps that OK, because McCain's straight talk proves he's too honorable a man to play "election-year politics." We'll see how well that works, in an election-year recession.
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Open Question: what happens if the foreclose on my house?
do we get the stuff inside the house?? like our personal belongings? and how long once they declare foreclosure do we have to leave?
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Tags: foreclosure, home equity loan