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  1. #1
    Join Date
    Jan 2015
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    2

    Default How to Remove a Lien or Surrender Title After Bankruptcy

    My question involves bankruptcy in the state of: Virginia. We were discharged from Chapter 7, almost two years ago. We now have money for a down payment on a house but we cannot get a loan because of property we surrendered during Bankruptcy is still in our name. The lender did not foreclose and does not want a Quit Claim Deed and is not interested in Foreclosure. So the lien sits there until doomsday and we will never get our fresh start as was the intent of bankruptcy because the debt and property are still in our name. How can we force the Bank to take a Quit Claim or remove the lien?

    Thank
    rxp

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: How to Remove a Lien or Surrender Title After Bankruptcy

    I don't think you can.

    As long as the bank doesn't attempt to collect the debt it isn't doing anything illegal by not cooperating with you.

    Consult an attorney and see if you have any options.

    Even if you do, it could cost you thousands to litigate the matter and that's money down the toilet.

    You'd be better off building enough cash reserves for a 20% to 30% down payment.

    Lenders tend to look favorably upon people willing to put up that kind of money.

  3. #3
    Join Date
    Jan 2015
    Posts
    2

    Default Re: How to Remove a Lien or Surrender Title After Bankruptcy

    Thanks

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