Bond loans bad credit

In AZ, have have up until the day of the sale to pay all fees and back payments and stop the sale. In AZ, have have up until the day of the loans personal sale to pay all fees and back payments and stop the sale. Sugarpike, reading your previous posts, you say the 2nd was charged off? This is an accounting move and usually means they are not headed towards foreclosure, but may come after you for the debt. I wonder if it was sold to a Junk Debt Buyer and they are trying to intimidate you.....

And yes, when we last ran our credit a few months ago, there is an indication that the 2nd was charged off (and my credit rating is still quite high, fingers crossed that it stays that way). And yes, when we last ran our credit a few months ago, there is an indication that the 2nd was charged off (and my credit rating is still quite high, fingers crossed that it stays that way). With this problem HELOC gone, I would like to try and refinance my 1st and 2nd. Problem has been the HELOC which is now personal lenders going away.

However, they will report settled for less than full amount which ironically will put me into a category where there is no way I can qualify.

Does anyone know if creditors are required to report settled for less than full amount , or can they simply say nothing. If so, I will try to get this provision included in my settlment agreement. They are not required by law to report anything, but they work hat and hand with the credit reporting agencies so they most likely will. 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.

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Please Read our They are not required by law to report anything, but they work hat and hand with the credit reporting agencies so they most likely will. Makes you feel like you are not the only one going through mortgage problems. With this problem HELOC gone, I would like to try and refinance my 1st and 2nd. Problem has been the HELOC which is now going away. However, they will report settled for less than full amount which ironically will put me into a category where there is no way I can qualify.


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Does anyone know if creditors are required to report settled for less than full amount , or can they simply say nothing. If so, I will try to get this provision included in my settlment agreement. Well, earlier this week, I read a Press Release where the CFPB went after quite a few lenders for their bond loans bad credit failure to properly report mortgage histories to the credit bureaus. The CFPB claimed lenders are required to properly report because that info is used to collect Federal data. I wondered if I had enough leverage to settle on the second now that the home is still underwater and has had arrears tacked onto the first mortgage?

I checked my credit report and it says the second was a charged-off. I was leaning to contacting them, but do not know the legality of how much time they have to pursue me. I would like to offer a settlement if they would close it out, show it as paid in full and not pursue the difference.

I am self-employed and my salary ebbs and flows with more ebbing than flow... 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.

I wondered if I had enough leverage to settle on the second now that the home is still underwater and has had arrears tacked onto the first mortgage? I checked my credit report and it says the second was a charged-off.

I was leaning to contacting them, but do not know the legality of how much time they have to pursue me.

I would like to offer a settlement if they would close it out, show it as paid in full and not borrow money online pursue the difference. I am self-employed and my salary ebbs and flows with more ebbing than flow... Sure would be helpful to know what leverage, if any was used.

Does anyone know for sure the legalities or statute of limitation in Marylandistan for second liens? I received an extinguishment and so did a close friend of mine. In both cases they wrote or called us, offered the extinguishment and sent the paperwork. If you qualify for chapter 7, it will take no more than a couple of years to rebuild your credit.

I have several reward credit cards already, with no yearly fees and I filed in 2013. Question for those that have successfully settled their seconds which were considered paid in full. I made an offer and ultimately verbally accepted a counter offer.

I received verbal agreement that it would be considered paid in full and reported as such within x days. Did any of your settlements that were considered and reported as paid in full read this way?

Question for those that have successfully settled their seconds which were considered paid in full. I made an offer and ultimately verbally accepted a counter offer. I received verbal agreement that it would be considered paid in full and reported as such within x days. Did any of your settlements that were considered and reported as paid in full read this way?

Today, out of nowhere I received a copy of the Deed of Reconveyance and lien release for our Chase 2nd from 2006. Even googled the term to be sure i knew what it was lol! Today, out of nowhere I received a copy of the Deed of Reconveyance and lien release for our Chase 2nd from 2006. Even googled the term to be sure i knew what it was lol! 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. HELOC was completely maxed out as part of the purchase.

Both loans were through American Home Mortgage (AHM). Before AHM collapased in 2007 the 1st was sold to some investment pool and servicing was sold to Wells Fargo. The HELOC ended up with Bear Stearns (as EMC), which then became part of Chase I believe when Bear went under.

Meaning it is pretty much worth the value of the 1st only. For some reason unknown to me, they unfroze the line in early 2009. Last year the HELOC was sold again and SLS became the new servicer. It is listed as being owned by a small bank in Georgia. In January I received a letter from SLS indicating that the owner of the HELOC was not renewing the draw period (it apparently expired after five years and there was an option for the owner to extend it for another five years). With the draw period not being renewed that meant that I would have to start paying back principal on the HELOC. I initially wrote them back and requested that they reconsider their decision and extend the draw period for another five years so that I could continue making the interest only payment.

They mailed me out some paperwork requesting more financial details as part of a loan modification package. I let them know that since I had not requested they do that this that I was not going to pay for it and would not be money loan with bad credit paying them that fee.

Last week they called again and asked if I wanted a loan modification. She said okay she would send me a letter requesting the information they needed in order to consider that. On Monday I received their request for a short sale package. For the first time in five years I have not made my HELOC payment before the due date. Having now read through the strategies and advice here I am going to follow them in the hopes of getting this HELOC settled. We have a second with SLS which we are currently not paying and hoping for a settlement as well. We did try the short sale route for 6 months with not one bit on the bond loans bad credit house. Have decided to try and settle with the them if at all possible. Over the course of the last year we have received a couple of loan modifcation packages by Fed-Ex and have not excepted either. They offered a slight balance reduction and lowered the interest to 4 precent for the life of the loan. It was always the same person and the same message. Almost sounded like a recording as bond loans bad credit the wording was exact or close to it each time. On the second mod offer we sent back a counter and never heard one thing from them.

We just sent a second offer to them bond loans bad credit a few days back and have yet to hear a thing.

I plan to never talk to them on the phone or send any financials. Please keep us up to date how your battle with them goes and I will do the same if you would like. Yeah, it is a recorded message they leave when they call. Back when I was trying to get them to extend the draw period I called them back as indicated in the message and it is their main customer service number where some random rep answers and has no idea what the original call was about and has to review the entire account file.

After that happened twice I stopped bothering calling them back. SLS continues to call once a day M-F at fairly random times. I am at payment number 2 missed as of yesterday with HFC. Reapplied to extend the modification in Feb and they came back with an offer to double bond loans bad credit the payment with a rate of 13. I told them my finances had not changed and could not afford to have my payment double. I am at payment number 2 missed as of yesterday with HFC.