IfI have a delinquent second mortgage scheduled to come off of my credit report, is that the end of my obligation?

UPDATED: Feb 11, 2012

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IfI have a delinquent second mortgage scheduled to come off of my credit report, is that the end of my obligation?

I have a second mortgage on my credit report scheduled to come off next year. I have not made any payments on it for 6 years because it was associated with a real estate scam and I was the victim. What should I do?

Asked on February 11, 2012 under Bankruptcy Law, Texas


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

If there is no judgment concerning the delinquent second mortgage against you, its delinquency per your question will appear to come off your credit report. However, the recorded mortgage most likely will remain of record on your property as a recorded lien where you are still obligated to make payments on it.

In order to try and get this second mortgage removed as a lien on your property and end any obligation that you would have to pay on it, I suggest that you consult with a real estate attorney to see what can be done.

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