Guarantor loans

For example, if I am current on my 1st and not paying the 2nd, the 2nd could foreclose. Very unlikely to get the 1st mortgage holder to agree to a foreclosure if you are current with them. Why would they take a chance on the foreclosure price being less than what is owed them? The only way I could see this working is if the balance on the first is very very low. You know as well as I do that not every story will end happily. But again, the foreclosure process can take a year or more. The borrower did not release any information of the party she has been engaged with. Is this something you would think you be beneficial, to have the 1st lien engage the 2nd or could that be a tactic where the 1st would want to get paid in full and actually payday text loans direct long term loans for bad credit lenders work with the 2nd? The borrower did not release any information of the no credit check payday loans las vegas party she has been engaged with. Is this something you would think you be beneficial, to have the 1st lien engage the 2nd or could that be a tactic where the 1st would want to get paid in full and actually work with the 2nd? I can see that happening in some cases but probably not working out in the homeowners favor. The guarantor loans 1st really has no incentive to foreclose, unless they simply want to cut the risk of the homeowner not paying them also. After all , the homeowner is not paying on the second, so maybe they wont pay the first either. They are in the home loan business and want your money spread out over 15-30 years with interest. Unless the homeowner is on a really friendly first name basis with a trusty loan officer, I wouldnt try it. Perhaps, the first could negotiate a settlement with the second and then fixed loans combine that with the 1st for a new loan?

But , like you said, perhaps the first just wants to know how much money the 2nd wants when all the money is divided up after foreclosure. 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. Chase Mortgage and Chase Home Finance are and were huge lenders. We are getting a lot of traffic from people looking for help with their adjustable rate loans.

This section will help you guarantor loans deal with this corporate giant where people are starting to get lost in their loss mitigation system.


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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. 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 online payday advance loans 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 sure it was a complete circle. The rep was puzzled by the box on the statement that said the lien would not be payday loans com 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 direct lender online payday loans 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 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.

I called up Citimortgage Recovery, gave them my information and their response was: send us over a Title Report and then we can start settlement discussions.

Yes, there have been quite a few members here that had similar responses. I say you do not delay and see if you can strike guarantor loans a deal while the iron is hot. 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. They have asked me for financials, which I do not want to provide and is against the Tom Eason plan. In the past, many members refused, but some people complied and were still able to settle.

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 loan bad credit 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 guarantor loans the opinions of the firm or any individual attorney. Please Read our Now I am concerned that I waited too long, because my financial situation is better now that it was a couple of years ago. My letter really focused on how depressed the RE values are in my neighborhood. My house, on the other hand, has ten years of wear and tear from a family of six, guarantor loans including a severely autistic son. Since I never provided the requested financials, Citimortgage never responded to my initial offer. Since I never provided the requested financials, Citimortgage never responded to my initial offer. Could you provide the contact number you called at Citi? I am in a similiar situation after bankruptcy, but the number on my statement just takes to me an automated system to make payments. When you press 0 for help, all you get is on hold music. 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.


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We then discovered a few years back that our 2nd was never recorded and there was no lien, so we were able to sell that house for some out of pocket back in 2015. We file our 2017 taxes last month and 4 days later were told Chase issued a 1099c for that 2nd mortgage with an occurrence date of Aug 2017. Obviously the mortgage act expired, is there any other recourse??

You are probably going to pay taxes on the 1099C amount, but not certain. There may be a statute of limitations in your state that doesnt allow collections after a certain number of years. If you didnt file bankruptcy, just stopped paying on the second mortgage, the 1099C is probably valid, even without the lien being recorded.

Bankruptcy would stop the debt from being collected, therefore no 1099C could be issued. Unfortunetely, since the 1099C has been issued, the IRS already knows about it and they will try very hard to collect on it. 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 have not made a mortgage payment to Chase since August 28th 2017. Sept payment was missed and October will not be paid either.

The Reason for hardship was due to reduced income because I had to resign from my job and unfortunately am still seeking a new job. They said to go guarantor loans ahead and apply to see if we were eligible for assistance? This is our second time dealing guarantor loans with a hardship like this.

We successfully were granted a loan modification from Chase about 4 to 5 years ago. We made all our trial payments on time and even though we hated the modification terms, we agreed to them and have never missed a payment until last month. Since we have been down this road before and had a successful modification, I wonder if Chase will work with us again? That would mean at this time you have only missed the September payment, correct?