Instant payday loans online
If you go into anything in the future, this means anybody, as far as a Loan Mod or HAMP Program, just know the end game is that they are gonna try their damnest to put you in foreclosure. If they pushed the envelope EVEN AFTER WE HAD AN ATTORNEY AND A COMPLAINT WITH THE COURT, I can imagine them, JUST OUTTA THIN AIR,making stuff up, kicking out thousands of qualified HAMP prospects out of the program, and just getting all the foreclosures they can get before the Govt catches onto them, well after they have lined their pockets with the hardearned cash from the shattered American dreams of countless people! If you wanna negotiate with these people, the only thing they know is force.... We are long past the statute of limitations for debt collection in my state and I want to finally give a complete rundown of what happened to me. I had the help of wonderful people in my life who were also well-off.
What happened was I went for about a year in strategic default during which I went through all the attempted mod nonsense I described above.
I made a side arrangement with the friend who acted as a sort-of lender. After a few years title of the property was transferred to me. After another couple of years I owned it free and clear. Eventually I sold it and moved into a nicer home thanks to the sale of the first. There are some who might have ethical issue with the possibility of the short sale not being arms length. Have you seen the colossal institutional corruption that brought us into this mess? Just look what Jrm went through above and they were able to afford an attorney. I took advantage of my fortunate position and beat the bastards at their own game.
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 National Mortgage Settlement is an agreement between state attorneys general and major loan servicers, including CitiMortgage, Inc. This agreement provides relief to eligible borrowers through improved servicing standards and borrower assistance programs. Citi offers a range of options, including new programs designed to assist: Homeowners who are current on their mortgage, but their home has negative equity (meaning more is owed on the home than it is worth). 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.
You should also use the contact number in the link to be absolutely sure that your loan is eligible. This settlement was just finalized 90 days ago and the servicers have only just begun to reach out to borrowers that may be eligible which is why one would need to be proactive in finding out if they are eligible. 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.
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. Filed bankruptcy in 2013 and discharged 1st and 2nd mortgage.
Did not reaffirm, but continued to stay in house and make payments instant payday loans online on both.
Looking through my bankruptcy papers and noticed on Schedule D Secured Claims , that Citimortgage had a secured claim of My bankruptcy attorney wants to discuss, but of course wants his usual fee. This would of taken the secured portion down to What is the easiest way to go about settling this second mortgage? I am current on both mortgages, and value of house is now just slightly over what is owed. This would of taken the secured portion down to short term loans online no credit check - This may be because the property was not worth enough to cover the 1st and 2nd at the time and therefore it was deemed unsecured because there was no collateral to back it up.
What is the easiest way to go about settling this second mortgage? I am current on both mortgages, and value of house is now just slightly over what is owed. Not a great question for me to answer, this is a bit unique and I focus on originating new home loans for our loansafe community that has experienced economic events like you are currently.
Have read through this forum the last couple weeks and it is really insightful.
I know my situation is kind of unique, so I guess Im just going to break it down and deal with it step by step. The first step I am taking is becoming officially late on my payments. Taking the forums advice and will skip 2 or 3 payments and see if they reply.
If I dont hear from them, I will send my first settlement offer. It simply bad credit loans reviews means that the bk program used by your attny automatically calculated the claim for statistical purposes. Chapter 7 DOES NOT in any way, shape or form, strip off any part of a properly recorded consensual lien against real property. While the instant payday loans online lender cannot ask you to pay, it can simply refuse to release its lien if not paid the full amount owed under the promissory note you signed. It simply means that the bk program used single parent loans by your attny automatically calculated the claim for statistical purposes.
Chapter 7 DOES NOT in any way, shape or form, strip off any part of a properly recorded consensual lien against real property.
While the lender cannot ask you to pay, it can simply refuse to release its lien if not paid the full amount owed under the promissory note you signed. I know they have the lien, but after reading more of this forum and other internet sites, it appears second mortgage holders very i need a payday loan today seldom will start foresclosure proceedings. Seems like after bankruptcy, lien holders only collect if 1st mortgage forecloses or house is sold. Of course with the usual bankruptcy language that they are not trying to collect a debt.... But today I did recieve a letter from Citi about the Service Members Civil Relief Act.
Provided a couple of numbers to call, but I am not a member or former member of the military. So it looks like loans instant approval at least someone at Citi knows Im late. The letter did provide an address to contact CitiMortgage which I had not seen before: Im thinking about sending a letter to them next week. Just a very short yes you may contact me about this debt letter. I plan on following the strategy in the forum about settling your second mortgage, so will not provide any financial info. Well, month number 3 and nothing new from CitiMortgage. Recieved my regular statement in the mail today and noticed something funny. The total balance has not changed since I stopped paying 3 months ago. Ive saved all the statements and even though I have not made a payment for 3 months, the balance is the same for June, July and August. Really want to send them a settlement letter offer, but following the advice of the forum and waiting until they contact me.
Also did some research for foreclosure in Michigan and found out that I have a year after foreclosure proceedings begin before you are basically forced out of your home by sheriff sale.
Just a quick note about BK7 and being contacted by the mortgage holder - they legally can not contact you unless have given them permission. You have to send them a letter that is ok to contact you regarding the debt. It all depends on how they view you and what the finances are of your situation (are you underwater? Latest online loans no credit check instant approval statement just shows late payments due, but no interest or added fees. Balance has not changed on any of the statements, still shows original balance due from June statement. Since this loan was discharged in ch7 bankruptcy, was going to send them a letter to contact me about settling the lien, but decided not to. Sticking to the advice in this forum and will wait for them to contact me for now. Since instant payday loans online this debt has been discharged, Im only concerned with getting the lien released. First mortgage and second is now just below market value, so I doubt if second would start foreclosure anyway.
However, I did recieve a letter from good payday loans online Citi with options. Looks like a standard form letter with options for: It also has the usual not an attempt to collect a debt wording. It does say my loan has been assigned to the instant payday loans online Home Support Team and they would like to work with me on a hardship option. Unfortunately, I realize now instant payday loans online that it will be impossible to repay this loan, maintain the house and keep property taxes and utilities current. I made repeated calls after bankruptcy, in 2012, 2013 and 2014 to settle this loan and release the lien.
Since I was not behind on payments, I was told each time that there was nothing available. My offer to settle is based on my payments after bankruptcy and the fact that this loan has been discharged.
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