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Updated almost 10 years ago, 02/14/2015

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Bob Malecki#4 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Borrower BK 7 Discharged but not closed?

Bob Malecki#4 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

I just purchased a 1st position NPL on a home in Oklahoma and found out from FCI's bankruptcy specialist that the borrower had a Chapter 7 bankruptcy in 2009 which was discharged in 2012 but not yet closed. This was not listed on the O&E report or any collateral files from the note seller. 

So, what if any, are the implications for me as the new lienholder on her house? I've not yet gone over to PACER but thought I'd post this for initial thoughts.

Thanks

Bob

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