Mac Has Stumped The Experts
Complex scenario… looking for advice.
Situation is that debtor has recorded recognized land patent on his property. Later took out mortgage, but gave notice of superior claim of land patent. Bank lent money anyway. Later mortgage was defaulted on, bank foreclosed, but with illegal trustee (unregistered corporation). Lender admitted that they could not produce the original note. Alleged debtor filed Lis Pendens and Administrative Notice in Circuit Court. Lender withdrew unlawful detainer action and has remained discommunicative. Debtor has a non-related judgment against him for $400K, which specifically agreed not to attach the house or land patent. The Debtor wants to file bankruptcy against the $400K judgment and some credit card debt, but is confused about disclosure of the mortgage and land. In the public record, the Lender has foreclosed 10 months ago on the real property, but stopped once they were confronted with the Administrative Complaint. Any suggestions? Thanks
Mac












