Luis Cardozo
  • Male
  • San Jose, CA
  • United States
  • CA
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Credit Card Lien Still There After Seller BK Discharged

Started this discussion. Last reply by Joe McDermott Oct 7, 2011. 4 Replies

My client filed BK 7 because of credit card liens. Now it is discharged. And we got a short sale approval from Chase. The creditors will not release the lien still because they said it was filed…Continue

 

Luis Cardozo's Page

Latest Activity

Luis Cardozo replied to Noel Crider's discussion Chase with B of A as investor (California) -- help please! in the group Chase
"Noel, Have you heard about QWR-Quality Written Request? This is what HREU- Harris Real Estate University recommends when the lender/investor is being unreasonable. QWR forces the lender to process the request to check the quality of the loan. This…"
May 29, 2012
Luis Cardozo replied to Kathleen Sheridan's discussion Chase Accepts Cash Offer But Ignores Buyer's Terms in the group Chase
"Hi Kathleen, My experience is that Chase always extend the closing date as long as you keep the negotiator knows that you are trying your best to close the transaction. I heard that negotiators are also paid by commission so they want to push you to…"
Dec 21, 2011
Luis Cardozo replied to Claudia Carignan's discussion Chase asking seller for $5000 cash contribution( per MI company) in the group Chase
"I had a similar situation. We solved it by reducing the purchase price by $5k and asking the buyer for cash contribution instead of the seller. You have to resubmit the short sale package again. "
Nov 16, 2011
Luis Cardozo replied to Gabriel Reyes's discussion Delinquent HOA Dues, Chase refusing to pay more that $1200. in the group Chase
"HOA tends to add lots of late fees, legal fees and so forth. Find out the actual HOA dues owed. Use this number to negotiate with HOA. Then ask the agents, sellers and buyers to split the cost. Good luck. "
Oct 12, 2011
Joe McDermott replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Folks have to remember that they need their BK attorneys to strip the real property liens if the creditors attached real property in conjunction with their debt. If not, your just going to have to pay them to remove the liens later. Happened to me…"
Oct 7, 2011
Luis Cardozo replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Thank you, Laura. Very helpful. I hope the lawyer and collector for American Express will be cooperative."
Oct 7, 2011
Kimberley Kelly replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"Good answer Laura.  I'm also in California and I have not dealt with this Motion to Avoid Judgement Lien.  THanks for the heads up.."
Oct 7, 2011
Laura Marshall replied to Luis Cardozo's discussion Credit Card Lien Still There After Seller BK Discharged
"I had this problem with one of my short sales. The seller filed BK (which had already been discharged), but did not file a " Motion to Avoid Judgement Lien". You need to find out if this was filed with the BK. I was told that if this is…"
Oct 6, 2011
Luis Cardozo posted a discussion

Credit Card Lien Still There After Seller BK Discharged

My client filed BK 7 because of credit card liens. Now it is discharged. And we got a short sale approval from Chase. The creditors will not release the lien still because they said it was filed before the bankruptcy. I will appreciate your suggestions.
Oct 6, 2011
Luis Cardozo replied to Victor Schmell's discussion Chase refusal letter in the group Chase
"I agree with Phil. Counter offer something no matter how small- $100.00 or 200.00."
Sep 16, 2011
Luis Cardozo replied to Andrea Swiedler's discussion Chase as second, first lien holder will not be short in the group Chase
"This sounds to be a good listing. Go for it."
Apr 28, 2011
Luis Cardozo replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"None yet because the seller just submitted the required documents to the BK attorney. It will be filed in a couple of weeks. Check back then."
Jan 29, 2011
Larry Davis replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"So what happened?"
Jan 29, 2011
Luis Cardozo replied to Ruben Villegas's discussion Could anyone help? Extension of sale date!!! in the group Chase
"Ruben, If the investor is participating in the HAFA program, they will postpone the foreclosure date. So you may want to ask if the offer the HAFA program. Good Luck  "
Jan 20, 2011
Luis Cardozo commented on Wendy Rulnick's group Chase
"Kevin, Chase requires an arms length affidavit. Good Luck Luis"
Jan 18, 2011
Thom Colby CA Brkr 888-391-5245 replied to Luis Cardozo's discussion My Seller is Filing Chapter 7 BK. What does Chase usually do? in the group Chase
"They can and your seller can agree BUT, will the seller still be eligible for BK without the Property included - that's an issue I had with a transaction - the seller wouldn't allow the property to be removed because they would no longer…"
Dec 22, 2010

Profile Information

First Name
Luis
Last Name
Cardozo
Are you a...
Agent
State
CA
City
San Jose
My Profile
I am a real estate broker for 20 yrs in San Jose CA. I specialize in Short Sale in the San Jose, CA area. My Website is:
http://ShortSaleHomeSpecialist.com.

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