My Ch7 was discharged in Oct 2007. Up until a few weeks ago, I'd been dutifully paying my monthly Home Equity Loan bills. Last month I checked my credit reports and found that my Home Equity Loan, along with the Mortgage, were listed with the bankruptcy.
I disputed and last week the results came in.
Mortgage = Status: Open/Never Late
Home Equity Loan = Status: Petition for Chapter 7 Bankruptcy/Paid,Closed. Monthly Payment = $0 Recent Balance = $0
I called to find out why it was still listed as such. It turns out that I hadn't signed a reaffirmation statement prior to the discharge and that the results would stay as is. I read the investigation results back to them and asked for help in the matter. They said, "You'll need to contact your attorney. Good-bye". I'm still waiting to hear back from my attorney (been almost a week). I don't want to continue making payments on a discharged loan if I don't have to, especially if it no longer benefits my credit report/score. However, I would like to have this issue resolved before doing anything too rash.
1- Am I in the clear with the monthly payments?
2- Can the company do anything to me if I stop making payments? Will I lose my house?
3- Will I have to repay the loan when I eventually sell the house?