Customer: M. Baker: Hello. I received a Notification of Lien
Release on my 2nd mtg which states
:" This letter is to inform you that XXX lendedr has decided to cease collection
efforts on the loan associated with the above referenced account number, and will release it lien on your property
. After the lien release is issued, your ownership interest
in the property and your right to occupy the property will no longer be subject to our lien.
JA: Thanks. Can you give me any more details about your issue?
Customer: It goes on to say "if required by law
, XXX lender will report this debt forgiveness to the IRS
on for 1099 C. Currently I am chapt 13 with another two yrs. My 1st mortgage is current. My second was part of the Chapt 13 but only for what they notified the court of (which was hundreds of dollars). To my knowledge my payments to the BK trustee do not include any amounts beyond what the court received as a claim.
JA: OK got it. Last thing — Tax
Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.