Does anyone know how bankruptcy laws in the state of Virginia work?

The situation is that a homeowner has filed chapter 7.  The first lien holder filed a motion for relief of stay.....of course it was granted.  Eventually, the bk was discharged.  The homeowner then worked out a loan mod with the first.  The second, which was discharged in the bk still holds a lien on the home.  How is this allowed and what can the homeowner do to get this lien released without paying the second?

 

WATCH THE DEER PLAY RIGHT OUTSIDE OF YOUR KITCHEN WINDOW!!
10/05/2010
share
IN THE HEART CHESAPEAKE NEAR DEEP CREEK, LESS THAN A MILE FROM INTERSTATE… SELLER IS MOTIVATED!! CALL KELLEY RAE AT 757-287-0062 VIEW ALL LISTINGS AND SEE MORE PICTURES AT WWW. KELLEYRAE. COM List Pr: 757-287-0062 Public Remarks Style: Ranch.. more
Beautiful Townhome near Kings Grant/Va Beach!!
10/05/2010
share
COMPLETELY STUNNING!! NEW ROOF, CARPET, TILE, KITCHEN CABINETS, COUNTERS, FIXTURES, STAINLESS STEELE APPLIANCES, CUSTOM PATIO, LARGE BACK YARD, NEW BATHROOMS, 42" TV ABOVE FIREPLACE IS YOURS TO KEEP!! CLOSING COST ASSISTANCE FROM SELLER AND MUCH… more
News on Foreclosure Inventory
10/05/2010
share
Foreclosures: Despite a sharp pullback in new home construction, the housing market remains significantly oversupplied. The market had an 8. 3-month supply of unsold existing homes in May; that's above the 6-month supply associated with a balanced… more
SHORT SALE VIRGINIA BEACH 179900
07/19/2010
share
FANTASTIC 4 BR HOME FOR SALE IN GREEN RUN!! THIS IS A SHORT SALE WITH ONLY ONE LENDER AND AGENT IS PROFESSIONAL, EXPERIENCED NEGOTIATOR!! PRICE LIKE THIS IS ALMOST UNHEARD OF EVEN IN THIS MARKET!! CALL KELLEY RAE TODAY AT 757-287-0062 TO SEE AND BUY… more
Retail vs wholsale short sale transactions
03/16/2010
share
I have been involved in short sales since 2006 before most in the Tidewater area of VA even knew what they were. I began with an investor, buying at a reduced price, then closing back to back with the end buyer within the same day or within 24 hours… more
Retail vs wholsale short sale transactions
03/16/2010
share
I have been involved in short sales since 2006 before most in the Tidewater area of VA even knew what they were. I began with an investor, buying at a reduced price, then closing back to back with the end buyer within the same day or within 24 hours… more
Is anyone else scared??
12/29/2008
share
I have to say that in 10 years, I have never been so scared in my life of our changing market!! I swiched gears about a year and a half ago and started driving my efforts towards our declining market by doing short sales. I have been very successful… more
How Bad is Today's Market, Really…
04/03/2008
share
Every where I go, I keep hearing negative comments about today's Real Estate market. Does anyone believe that maybe we are creating a self-fulfilling prophecy? The more that we speak of negative things, whether it is real estate or anything else… more
How Bad is Today's Market, Really…
04/03/2008
share
Every where I go, I keep hearing negative comments about today's Real Estate market. Does anyone believe that maybe we are creating a self-fulfilling prophecy? The more that we speak of negative things, whether it is real estate or anything else… more
 
Kelleybust

Kelley Rae-Voyles Bass

Virginia Beach, VA

More about me…

ROSE AND WOMBLE

Address: Virginia Beach , VA, 23452

Office Phone: (757) 523-4900

Cell Phone: (757) 287-0062

Email Me



Links

Archives

RSS 2.0 Feed for this blog