Loan office

Whoever holds the lien on the 2nd probably wont budge much if they know you want to sell. And as onehugemess said, be glad you are not accruing any interest and fees. Then how much equity would you have after paying off the balance of the 1st?

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 lien is going to catch up to you at some point, you know it, everyone knows it. Whenever I have conversations with SLS, they are professional. I would never, ever advise someone to call them and tell them to shove it. And it sounded like your clients are paying dearly. The truth is, the lenders are going to skin you alive if they had a chance. As for the interest or whatever fees that piling up, the higher the better. It would just mean that I have indirectly gained more.

Hope it was all my trashing with them that made them back out on some of you.. Someone like me gotta step up, and show them what is up.

If no one stepped up, they would loan office be punking you guys around like that one Erik guy.. Hello all- Bigfrog, you had absolutely nothing to do with them backing out , whatever that means. The way you are handling your situation is a completely opposite approach that I took. Was my deal a pennies on the dollar that some have been able to get years ago? I can afford it, got the second lien released paid in full and final, and most importantly this albatross is off my back.

I wish everyone well and good luck with trying to settle, keep in mind that you are dealing with people, no different than you and I. And I get bonus points as mine is A first mortgage.

And still I would never be intimidated by SLS as they hoped I would be from the first time they tried to speak down to me. I can afford it, got the second lien released paid in full and final, and most importantly this albatross is off my back. I wish everyone well and good luck with trying to settle, keep in mind that you are dealing with people, no different than you and I. Could you also potentially be very specific about the equity position, home value, and how long you had been delinquent? The time has come to open up all our free tools, forms and tricks that we have collected loan office over the course of two years. In this forum you will find sample Qualified Written Requests, Income and Expense Sheets, Sample Forensic Mortgage Audits, TILA Rescission Letters and more. Please come share your forms and knowledge with the community.

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 time has come to open up all our free tools, forms and tricks that we have collected over the course of two years. In this forum you will find sample Qualified Written Requests, Income and Expense Sheets, Sample Forensic Mortgage Audits, TILA Rescission Letters and more. Please come share your forms and knowledge compare need a loan with bad credit fast loan rates with the community. 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 time has come to open up all our free tools, forms and tricks that we have collected over the course of two years. In this forum you will find sample Qualified Written Requests, Income and Expense Sheets, Sample Forensic Mortgage Audits, TILA Rescission Letters apply loan online and more. Please come share your forms and knowledge with the community. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either loan office save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their loan office homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Brief background history - we filed BK in 2009, I believe.

If the buyers happen to run a title search first, will that screw us? Did we by any chance speak about a possible refinance on this scenario? The charged off lien will need to be paid off upon selling the home.

That means all the fees that they have attached to it as well. First - No buyer is going to do a title search of their own on your house. What you should do is request a pay off statement - from wherever is sending you bills or monthly statements.

If they charged it off after six months of no payments - the delinquent interest and fees should be quite reasonable. My biggest worry is you may actually be underwater depending on how the investor treated your loan. Hence the reason why we want to move to a cheaper area!! They all of a sudden think they can get ALOT more than what they could get in a different circumstance.

I jumped on loan office a three way call and handled most of it myself which is why this reputable payday loans sounds so familiar. I would mention that you just got your tax return back and want to settle the lien if possible. No need to give them any other information than that... They may require to be paid off within a certain period of time.


Personal loans with low interest

It can be done via a refinance as long as the loan was charged off for more than 4 years but you would want to keep that new loan for at least 6 months. What will happen is they will simply get their proceeds in the sale of the home, like a normal lender loan office would. When your account charged off (well before 2018) they stopped the accrument. I still feel like I have it a little bit over here and it was a month ago it attacked me.

Brief background history - we filed BK in 2009, I believe. If the buyers happen to run a title search first, will that screw us? And you had a 2nd mortgage that was charged off in 2018. What exactly was discharged in your 2009 bankruptcy? A quick way to find out who holds the lien is just go to your county register of deeds-most counties even have this online to look up. If your first was discharged in bankruptcy, they probably have a lien also. This will all need to be sorted out when you try to sell. Any liens will come up in a title search and the new buyer will not be able to get a good title with unreleased liens.

Whoever holds the lien on the 2nd probably wont budge much if they know you want to sell. And as onehugemess said, be glad you are not accruing any interest and fees. Then how much equity would you have after paying off the balance of the 1st? 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. My husband at the time worked in mortgage so funds tanked as well.

We hired a mortgage specialists to help us out and his advise was to stop paying on the second and pay on the first. We did that and at about 6 months we refinanced the first and caught back up. In the meantime the second mortgage with Countrywide went bankrupt, saw nothing on our credit and went on paying the first as we were underwater anyway. I hired a lawyer right away, and we waited for them to make a deal. I can currently refinance because of course there is now equity-in the house.

They want copies of my current mortgage statement with the principle balance? What did you think happened to the second mortgage after 2008? By not including it in your original bankruptcy case, you are still responsible for the debt plus the lien remains on the property.

Including it in bankruptcy would of released you from the debt, with only the lien remaining. I filed Chapter 7 in 2011, not paying the 2nd, current on the 1st and the lien has been transferred to a debt collector. I am not responsible for the debt, but the lien loan office remains. Second lien holders can foreclose, but unlikely since they have to also pay off the first to begin foreclosure procedures.

Legally, they are trying to release a lien, not collecting a debt. Check with your county register of deeds and see who actually holds the lien. The fact that they went bankrupt or charged off your loan means nothing to you.

Charged off just means it was considered uncollectable to them.

They still had the legal right to sell or transfer that debt. Keep current on your 1st mortgage if you want to stay in the house.

Do not send the lien holder any of your financial information. They will only use that information against you to show that you have the ability to pay more. When you verify who holds the 2nd mortgage, contact them for a settlement only in writing. Send it by certified reciept so you can show an attempt was made to settle. Surely his name is on the mortgage from 2007 unsecured loans for people with bad credit and he is also responsible? He or you may have been released from the debt during divorce proceedings.

See what the response is and remember no phone calls or emails. With the coronavirus taking its toll on the US, that may be a good sign for you.

Housing prices are going to drop in the next 6 months and debt collectors will become easier to settle with. If foreclosure has not been threatened by them, simply keep paying your first and be willing to negotiate with the second.

Again its unlikely they will foreclose but not unheard of.

Sorry it was New Century Mortgage and yes shame on me for thinking it disappeared. When I remodified first loan Into a HAMP loan they said the second would be forgiven. Lawyer handling all this and already had me file loss misigation paperwork and give them a copy of current loan status and principle balance in which I argued with her about. I am primed and ready at the drop of a hat to refinance once they make an offer and I am ready to accept at least the full original amount.. Just want this over with so the home is free and clear and in my name. And yes part of me is thinking, damn you guys better move fast or nothing is going to happen for sometime with COVID 19 and a recession. 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.