Mortgage and HELOC not reaffirmed for chapter 7 bk - I have equity now and want to sell

[despritfreya]

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@Shooting-For-800 wrote:

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LOC Stripping only applies in Chapter 13?

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In general, it applies in Chapters 11, 12, & 13.

Des.

[Shooting-For-800]

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@despritfreya wrote:

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Absolutely 100% incorrect.

If there was a valid mortgage/lien on the home when the Chapter 7 was filed it is still valid as such mortgage/liens pass through a Chapter 7 unaffected.   OP will have to deal with the mortgage/lien when he/she sells or when the lender decides there is sufficient equity over the first mortgage to foreclose.

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You know something, you could have been a heck a lot less abrasive by stating that the strip options is available in Ch13 but not in Ch7.