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Can bank accure interest after issuing 1099 C and include in Payoff Statement?
I went bankrupt in 2012. I received a 1099 C for the principal balance for my home from mortgage company. They did not foreclose. Now I want to sell my home, since prices are up. The bank now says the payoff is the principal balance, plus accured interest (before and after 1099 C was issued) plus late charges. Since they wrote of the debt in 2012, how can they accrue interest?
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