The borrower lives in a different state than the collateral securing the notePacer shows that BK 7 was discharged and closed in February of 2015, over a year agoFMV of the property is 1/5 of the UPB on the noteTaxes are current and paid by the borrowerpreliminary O&E shows nothing outstanding on the property besides the 1st lien that I'm contemplating purchasing.The questions:With BK closed, can I contact the borrower directly WITHOUT initiating FC?

Futhermore, they had a bankruptcy discharged within 8 years, and this 2nd filing in a year is about to get thrown out as judge set a hearing to discuss this fact.  

My bankruptcy was discharged in 2011, the lender FINALLY took posession of the house in March of 2013 (so just over two years now), and I have really made a HUGE change in the way I handle money now. 

The issues in a 13 post discharge are probably not too difficult but a 13 lasts from 3-5 years.

It was a pain to get the Payoff Statement and Lien Discharge since the Note was held by this "little old lady" (in her 80's I think) who had no access to electronic communication or a fax. 

So, if you are in or ind yourself in financial trouble in the future, having a free and clear personal residence will allow you to exclude this amount from any creditor action, and even keep the value of the equity while other debts are discharged through BK (in some states).  

Qualified Principal Residence Debt Taxpayers may exclude income from cancellation of qualified principal residence indebtedness for discharges of debt occurring after 2006 and before 2015.

I didn't even see the houses until I was fully discharged with honer and found my self moving in. :) How did you finance this deal?

323.47 Lien on land to be discharged out of proceeds of sale.

They would only do that IF the borrower filed a chapter 13, filed a motion to lien strip a junior lien, was successful in that motion, and completed the chapter 13 and got their discharge and THEN notified the lender to reconvey the title back to them.