I’ve been discharged in Chapter 7 Bankruptcy. What forms will I receive?

Any borrower that has been discharged in Chapter 7 bankruptcy will receive an annual statement summarizing the total amount of interest we received on your mortgage, real estate taxes we have paid on your behalf, and points you paid in conjunction with the origination of your loan. This activity on your loan is reported to the IRS under the name and Social Security Number/Tax Identification Number of the primary borrower on the mortgage, regardless of bankruptcy status. If you had no payment activity or loan activity, you will not receive a 1098 statement nor will your account be reported to the IRS.

If your account was terminated in a foreclosure, short sale, or deed-in-lieu, and your account was discharged in Chapter 7, you will NOT receive a 1099-A or 1099-C form, as you are not liable for the mortgage debt under the terms of your Chapter 7 bankruptcy discharge.

Posted in: We will respond as soon as possible.