Short term bad credit loans

My apologies, but I have heard from attorneys all over the country, and I work with an attorney who was a title agent and there are differing opinions. I need to hear from someone who is a loan officer or a title agent for verification, or an attorney who is a real estate expert. I am going to try and contact attorney April Charney on Monday via the attorney in my office (they are members of NACA). Charney is a nationwide expert in foreclosures and predatory lending. I am a Notary Public for the State of california, Loan Processor and I have been a Loan Officer, my recent job was an Escrow Officer with which I have to work closely with title officers and their assistants. I held a Real Estate License for the State of California, however it expired in 2007, I am actually renewing it now. I have been working in this industry for 11 years and I am 32. As a Notary I am certified in Loan Document Signing and it is my specialty. Basically, I know how to draw loan documents properly, work them up as an Escrow Officer, sign them as a Notary, Fund as a Processor etc....... Unfortuantely our industry loan 500 has been hit hard and I went from living comfortably to barely surviving and that is why I am fighting Indymac for my loan modification.

My friend had a HELOC with Chase and sold the house that it was secured by.

She is in another home and has used that HELOC after she had called Chase explaining that she no longer owns that home. She is now struggling with her current mortgages in which she already has a 1st and a 2nd, trying to work out a loan modification.

What would be the reprocussions of defaulting on that loan? Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from short term bad credit loans their underwater mortgages. My first mortgage is with Citi and they just agreed to modification I am now in trial payment period. My question is do I have small dollar loans any negotiating power with my Chase HELOC if I am not upside down on mortgage??? My 1 hour short term bad credit loans cash loans question is do I have any negotiating power with my Chase HELOC if I am not upside down on mortgage??? If not, I would recommend you contact a local real estate agent and request a CMA (i.


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Unfortunately, if you do have equity in the property short term bad credit loans Chase has the authority to foreclose on the property if you were to default on the account.

But that does not leave out the possibility for a settlement, and you will find many others who have pursued this option in the following thread: The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the guaranteed unsecured loans opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Get free mortgage help today. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 advance money years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. I think your friend must have papar work from Escrow when she sold her house.

If the HELOC was paid off, the final HUD should show it is paid through Escrow. When is the best time to try to negotiate a short payoff of a HELOC? This question is in respect to a situation where you have both a 1st and a 2nd with the same lender. Any advantages or disadvantages either way and how will the lender react?

If you negotiate a short payoff on a HELOC, will the same lender delay or accelerate a foreclosure or take a payday loans birmingham al different path like decide to go after a deficiency? What will happen If I stop the payement in order to process for loan modification? You will have to look at your loan documents to see what type of loan you have............. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our When is the best time to try to negotiate a short payoff of a HELOC? This question is in respect to a situation where you have both a 1st and a 2nd with the same lender. Any advantages or disadvantages either way and how will the lender react? If you negotiate a short payoff on a HELOC, will the online loans instant approval no credit check same lender delay or accelerate a foreclosure or take a different path like decide to go after a deficiency? I hope you are still viewing and participating in this Thread. I quoted the Message above, because I have exactly the same question, except that my 1st and HELOC are not the same lender. What will happen If I stop the payement in order to process for loan modification? The refinance was probably for your main mortgage on the home. My suggestion is to call your lender ASAP and let them know what your situation is and let them know you are struggling and need a modification. You will have to look at your loan documents to see what type of loan you have.............

I have same lender first and Heloc and try to loan md. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our I hope you are still viewing and short term bad credit loans participating in fast little loans online this Thread. I quoted the Message above, because I have exactly the same question, except that my 1st and HELOC are not the same lender. I am so confused that according to the HAMP program,the HELCO will be lowered interest rate or some of its pricipals forgiven along with 1st loan modified ( in the case of HELICO considered as second morgage ) may be i am missing I refinanced cash out and after that same time set up HELCO with the same primary house with the same lender.


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I also have 2 renta houes ( upside down)with refinanced cash out with the same lender. Then what happens if the above sam situation( forclosure,or short sale or walk away and or bankrupcy) as investment property. Get it settled and MAKE SURE IT IS OFF YOUR CREDIT REPORT AS PAID IN FULL!! If they 1099 you for the difference and then record your credit report as settle for less than the full amount consider going AFTER them for a violation of the Fair Credit Reporting Act. Otherwise, the bank could sell the account to one of those companies that buys bad credit card debt for pennies on the dollar (which is essentially what you are offering anyway) and THEN THAT COMPANY goes after you for the FULL AMOUNT PLUS FEES, COSTS, HIGH INTEREST, ETC. When a loan is forgiven, it just means the bank will not pursue you for deficiency.

The bank will still issue a 1099 (A if foreclosure, C is short sale) - this forgiven amount is reported to the IRS.

With the IRS, the forgiven amount loans in birmingham al is counted as income to you. If rental property (business), then can apply towards any Loss Carryovers from previous years. Insolvency (form 982) status under Forgiveness Act allowed for this - I applied (lost) most of my Loss Carryovers and had limited tax liability. Do you know of castle payday loans anyway I can renegotiate that loan to a fixed amount.

I tried discussing it with citibank but was told that it was no longer convertable since they cancelled the equity line on the house because the value went down. I never received a letter and they said there was nothing they could do. Help, do you know any firm that can help me negotiate the price.

I recommend you consult with a professional in your state for answers to these rather elementary questions. Each of the 50 states has its own mortgage and FC statutes. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. The foreclosure was as a result of a HAMP loan modification.

The US Dept of the Treasury, HAMP are investigating the bank and loan servicer to see how this could have happened.