Bad credit loans today

If they come to an agreement, then that would probably accelerate the foreclosure process. That was my thought also, it was one of those What if type situations. You have to wonder what is being said after the phone is hung up. 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. We at the time were 200,0000 underwater and payday advances online owed 150,000 on the 2nd. After 6 months it was written off and collectors made 1 offer which we did not agree on. We are above water now and am worried that collectors will try to foreclose on us.

Does the collector have to try to contact us about the money owed first or can they start foreclosure without us knowing. In my experience, 2nd mortgage rarely ever foreclose.

Out of thousands of foreclosure that I have witnessed, maybe 10-20 were by a 2nd mortgage and bad credit loans today most of the time there was sufficient equity for it to make sense for the 2nd to do so. Can they make more money by foreclosing and then collecting or by simply charging off the loan and go after you personally, which I think is the deal in your case. In the state of California, there is a four (4) year statute of limitations (SOL) pursuant to California Code usa loans of Civil Procedure section 337 from breach or last payment, whichever is later. Also, my understanding is that a secured junior lender is legally barred from suing the debtor when the debt is unsecured, pursuant to CCP Section 726. 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 In my experience, 2nd mortgage rarely ever foreclose.

Out of thousands of foreclosure that I have witnessed, maybe 10-20 were by a 2nd mortgage and most of the time there was sufficient guaranteed payday loans direct lender equity for it to make sense for the 2nd to do so. Can they make more money by foreclosing and then collecting or by simply charging off the loan and go after you personally, which I think is the deal in your case.


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In the state of California, there is a four (4) year statute of limitations (SOL) pursuant to California Code of Civil Procedure section 337 from breach or last payment, whichever is later. Also, my understanding is that a secured junior lender is legally barred from suing the debtor when the debt is unsecured, pursuant to CCP Section 726. How long are you saying do they have to collect on the loan? More specifically, we made our last payment June 2012. But you can restart that clock at any time and you contacting them in 2015 may have done that. If you ever want to refinance and or sell, you will have to settle the HELOC debt for them to agree to release it. With that said, you might be free from collections provided the SOL did not restart, but you still owe the debt if you want to refi or sell. 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 bad credit loans today 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. 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. Improper foreclosure practices are so widespread in Las Vegas that one reporter trying to expose them instead found he too was a victim of foreclosure fraud. In addition, to the tens of thousands cited by KLAS in Las Vegas, one couple and their 18-month-old daughter faced foreclosure in Houston, Texas even though they had stayed current on payments since 2008, For all of you who think there is no hope in this mortgage mess, I want to tell there is help for you.

We were so underwater, we actually convinced ourselves that eventually we would end up walking away. We were among the many who fell victim to predatory mortgages. CitiMortgage was our mortgager and we struggled for almost a year to obtain a loan modification from them. They kept stringing compare bad credit loans us along bad credit loans today loans quick asking for same documents over and over again, typically behavior of the big banks. Then they sold our loan to VeriCrest Financial in Jan 2001. So we began to work with them, starting all over again. Both HAMP and Keep Your Home Programs has already denied us for making too much money.

Trust me, we do not have what anyone would realistically consider very high incomes. I used that fact to my advantage and just kept stressing how much our house was worth and how much we owed. Over and over to everybody and anybody who would listen.

The cover letter stated I was also forwarding this package to President Obama, and my Congressman and Senator as well as their investor on record. Our hope is that maybe just knowing this has been done will help motivate others. Most of the bad credit loans today 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 payday loans in houston 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 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 guarantee loan 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 For all of you who think there is no hope in this mortgage mess, I want to tell there is help for you.

We were so underwater, we actually convinced ourselves that eventually we would end up walking away. We were among the many who fell victim to predatory mortgages. CitiMortgage was our mortgager and installment loan direct lender we struggled for almost a year to obtain a loan modification from them. They kept stringing us along asking for same documents over and over again, typically behavior of the big banks. Then they sold our loan to VeriCrest Financial in Jan 2001. So we began to work with them, starting all over again.

Both HAMP and Keep Your Home Programs has already denied us for making too much money. Trust me, we do not have what anyone would realistically consider very high incomes. I used that fact to my advantage and just kept stressing how much our house was worth and how much we owed.

Over and over to everybody and anybody who would listen. The cover letter stated I was also forwarding this package to President Obama, and my Congressman and Senator as well as their investor on record.


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Our hope is that maybe just knowing this has been done will help motivate others.

I am planning to go late from next month and I have one question for you!! 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. Well as these things go my excitement fell fast when I recieved the final statement for the account. In a box highlighted in red on the front page it says,... The whole process with Citi went very smoothly (on the fourth try) so I am hoping a phone call will fix this. Well as these things go my excitement fell fast when I recieved the final statement for the account. In a box highlighted in red on the front page it says,... The whole process with Citi went very smoothly (on the fourth try) so I am hoping a phone call will fix this. You should of received a settlement offer letter from Citi. It would of stated exactly what was going to be done.

My paperwork was used throughout (pulled from information on this site-thanks). They said the lien removal was submitted, that they would send a copy and that I could check with the county later to be payday loan not broker sure it was a complete circle. The rep was puzzled by the box on the statement that said the lien would not be cleared. 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.

Thank you for your response it was who bankruptcy such a frustrating process to try to get my credit back up as I filed in 2012. If through bankruptcy, they probably just hold the lien?

I have been trying to settle and get the lien released for about 2 years. 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 ezmoney payday loans legally from their underwater mortgages. My second mortgage adventure has been documented elsewhere. I am still underwater with my first, but slowly creeping toward equity as to the first. After not hearing from Citi since early 2011, I thought I would see what the potential for settling would be all these years later.