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Everything that you have mentioned in your post is what you should be doing to achieve your goal. I personally am not the best to chat about any legal action or quiet title info but there was something in your post that I thought I would answer. The only variable that may be different in your case is that you have equity. Once the 2nd lien holder finds out that you may have equity it can be very difficult to get them to settle.

When you adjust the data that Zillow has, it will change the Zestimate as they call it.

All of our moderators, owners and staff here at LoanSafe are all located here or very close to San Diego. My office is here in La Jolla, UTC area if you ever need anything or have any loan questions - let me know. 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 payday loans massachusetts underwater mortgages. First I would like to thank everyone on this site for helping us through the rough times, without this forum I do not know what my family would have done. We were both had lost our jobs and were only to keep paying on our first which is now down to 10k we had stopped paying on the second (heloc)which with interest is now 102k,we are now 600 days past due and the bank (BOA) bad credit lender has said they have sent this for an EQUITY EVALUATION the house on Zillow value is 90k but really is 75k. They keep saying they want to modify but we want to settle. I recommend you get a current valuation, like a CMA from a RE agent who farms your neighborhood.

Your patience will be required as this will likely be a long process. First off, I recommend you immediately stop paying on your 2nd (Guaranty Bank).

Your patience will be required as this will likely be a long process.

I received a bill from them last week showing the full amount of the loan is due in 2 weeks. Are they trying to foreclose but giving me a chance to pay before they do this? I am current on my 1st and was trying to follow the strategy for settling your 2nd. No detail explaining how they came up with the interest charge.

Current home prices are about 500,000 and my home is in need of unseen repairs so I am not underwater but not over for them to want to pay to foreclose.

I am just concerned why after all this time they are sending me this with no detailed info and saying to bring this current I have to pay the full amount and in 2 weeks? Is there any rhyme or reason to WFs decision to do this?

No detail explaining how they came up with the interest charge. Current home prices are about 500,000 and my home is in need of unseen repairs so I am not underwater but not over for them to want to pay to foreclose.


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I am just concerned why after all this time they are sending me this with no detailed info and saying to bring this current I have to pay the full amount and in 2 weeks? Is there any rhyme or reason to WFs decision to do this? Walkinblues, this depends on your state and most states prohibit the lender from suing the borrower on a secured 2nd. 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 Privacy Policy and Legal Disclaimer Tom should I ignore this letter? They want the full loan balance to make this loan current. I recommend you obtain a current valuation of your property. I recommend you obtain a current valuation of your property. Every conceivable situation has been addressed at least once there.

FYI all the posts remain available to read I recommend you use the search tool on that thread to find your answer. I accidentally asnwered the call from the collections agency (Veripro Solutions - sister company of NationStar Mtg).

Told them there is no way I can pay the 2nd mortgage balance in full (123K). The guy told me to submit documents (pay stubs, bank statements) so we can work out a modification. Can 2nd loan still be modified if it has been charged off? They are also asking me some money (any amount) just to be able to make a payment. Your patience is required as this will likely be a long process. If so I suggest you forget about a loan mod of your 2nd a settlement is always a better deal for the borrower. Your loan rates patience is required as this will likely be a long process. Is it wise to tell them that I do not wish to modify and would just settle?

The collections agency is now calling me every week. Is it wise to need cash bad credit lender now bad credit tell them that I do not wish to modify and would just settle?

The collections agency is now calling me every week. Yes, you can always continue to ignore their calls, they cannot force you best short term loans bad credit to accept a modification offer or apply for other forms of assistance.. 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 Privacy Policy and Legal Disclaimer I agree with Tom, following the strategy is your best bet if you want to settle your 2nd for pennies on the dollar. Yes, you can always continue to ignore their calls, they cannot force you to accept a modification offer or apply for other forms of assistance.. 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 story sounds a little familar to others posted and would like your advice. I have a 1st with BofA for 704K and a 2nd with PNC for 150K.

I stopped paying on both mortgages as BofA bad credit lender would not help us. In a written letter from BofA, they recommended I go delinquent if I wanted a HAMP. I did not qulify for the DOJ since my loan was owned by BofNY Melon. This was extremely difficult as I have never been late with any bill for 40 years and had an outstanding credit rating. I stopped paying and received a very small mod on the 1st. I have not heard anything from PNC for almost a year. No way will we be able to make our current 1st mortgage payment. Since I have not heard anything from PNC, should I just sit back and wait?

Would there be any reason in your opinion to even try loan unsecured to negotiate a settlement with them since our home value is so underwater? What is your take on why I have not heard anything? It is going to be quite sometime (many years) before my home has any equity. Also, are you aware of any additional programs out there that would help us with this underwater mortgage? Thanks in advance for all your advice and any help you can point me to. We would like to give you an update on our 2nd mortgage settlement strategy. PNC sold our second to SEC last year and have been sending monthly statements which we have politely ignored. We just finished making our 3rd trial payment on our first mortgage with BofA and have yet received the new terms on our 1st mortgage loan.

We are also hoping that we will be included bad credit lender in the latest 16 billion dollar settelment from BofA.

SEC recovery department called on Sat and we returned the call today. We reviewed the steps in the previous forum on strategy to settling the 2nd. The gentleman was money loans for bad credit not happy and wanted us to submit the offer in writing along with all financial documentation which we refused to provide.

He stated that without the financials, they would not even entertain the offer. He also said that bad credit lender SEC would not make any offers and that all offers would have to come from us but again they would not accept any offer without financial disclosures.


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Have their been any new updates on the strategy for settling the 2nd?

Can bad credit lender I refinance to pay both loans and start fresh with only One loan, What can I Do to keep the property? 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. Some forum members might find solace in these ideas. Hiding from debt collectors when you cannot take the pressure anymore, is akin to needing to escape and rehab when your life is spinning out of control.

On the USPS application, if asked for street address, you might list a previous nearby address (or you could list a faux address if so inclined). Because a tenacious and persistent creditor might subpoena the post office requesting that info.

If you do remove the mailbox or receptacle, I recommend you post that notice somewhere near the front door or entryway. That way, all mail delivered to your street address will be returned to sender. Again, be certain you notify all correspondents of your new PO Box mailing address. If you have a garage, park your car inside and obscure any windows so no one can determine whether or not the car is present.

You can just choose to not answer any incoming calls from either creditor numbers or unrecognized numbers on your caller ID.

Turn the ringer way down to barely audible and set the number of rings to only 2 or 3 before it goes to voicemail. Consider buying two prepaid TracFones (no contract to lock you in). Use the second phone only for calling banks, CC companies, and debt collectors.

Never call a debt collector or bank or loan servicer from your family and friends TracPhone. When you get tired of incoming collection calls, simply turn that phone off to get a needed brain break. Provide this number to your creditors as the best and only way to contact you. Update your credit reports at the three major CRAs. Creditors use loads of online database information, like credit reports, to chase debtors. I recommend you order a credit report on yourself, and in that process, provide the new mailing address. This will feed the new contact info to the creditors and aid in the hiding process for you. Better yet, get a VOIP number from a service like Vonage or similar (lots of servicers available). When the debtor has a VOIP number, a locator cannot find the physical location with a reverse directory application. This will confuse the robo caller (auto dialer) at the automated call center, and prevent the caller from leaving a voicemail message.