Internet loans

The 1st mortgage company sent a letter last month saying I needed to make a 170K payment or internet loans they would start foreclosure. The house also has a basement apartment that can be used for income if needed - I used to run a childcare or I could use it as a rental. Rentals in this area are higher than the 1st mortgage.

So if I could modify the loan, get help fixing things, reopen the day care or rent the room, I could get back on my feet and could be with my kids. Verify who holds the lien and offer a settlement to them. One other thing you could do is file bankruptcy yourself.

You said your ex did but you didnt and your name is still on the mortgage. If you dont file bankruptcy, you will still be legally responsible for the balance. Even if the bank sells your home, you will be responsible for the differance without bankruptcy protection. 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 health insurance company refused to pay the bills associated with payday advance las vegas a medical emergency.

Since 2007, the LoanSafe forums have helped millions of homeowners over the internet loans last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Due to financial hardship and my home being way underwater I am about 10 months behind on my 2nd. I got a modification on the 1st last year, am current on that. On my last statement from them I saw a charge for an appraisal. I went online to print off tax forms tonight and found my account has been closed. The last statement from them was 2 months ago, no more communication from them.

Due to financial hardship and my home being way underwater I am about 10 months behind on my 2nd. I got a modification on the 1st last year, am current on that. On my last statement from them I saw a charge for an appraisal. I went online to print off tax forms tonight and found my account has been closed. The last statement from them was 2 months ago, no more communication from them. Hello ShadowG, the account may show as closed because the lender has charged off the loan for accounting purposes.

If so, they may sell the debt to a collector, and you may be able to offer a settlement amount of anywhere from 2 percent on up.... Due to financial hardship and my home being way underwater internet loans I am about 10 months behind on my 2nd. I got a modification on the 1st last year, am current on that. On my last statement from them I saw a charge for an appraisal.

I went online to print off tax forms tonight and found my account has been closed.

The last statement from them was 2 months ago, no more communication from them.

Nothing more has happened on this, about a year ago Real time solutions must have got the loan and we started getting bills from them. I talked with them once and told them I desperate need of money would call them, after that no contact other than monthly statements. I was just looking at my annual credit report and saw them listed with the account Closed just the past month citing discharged in bankruptcy. I am assuming a lien would still be on the property? By chance, do you know if the loan has been charged off? I feel like it was - when your account started saying closed on your credit report. When you receive monthly statements - is interest accruing? The good news is its been 2 years and no real collection efforts. Im going on 8 years with little or no collection efforts.

However, my 1st and 2nd were discharged and not re-affirmed. I have continued to make payments on the 1st, but stopped making payments on the 2nd after bankruptcy. Yearly I would check my credit report, and the accounts always said something like charged off closed , released in bankruptcy, etc... If any of your other debts were discharged in bankruptcy, dont worry about internet loans those. The bankruptcy releases you from owing the balance-yes there is still a lien,but you cant be sued for the balance. Re-affirming the loan just made you liable for the balance again. In other words, the bankruptcy wiped out the debt, but not the lien. By chance, do you know if the loan has been charged off? I feel like it was - when your account started saying closed on your credit report. When you receive monthly statements - is interest accruing? No- have not seen Charged off , and no, no interest was accruing.

They went from trying to collect the past due balance to trying to collect the full balance in the matter of about 6 months when real time started sending statements. No- have not seen Charged off , and no, no interest was accruing.

They went from trying to collect the past due balance to trying to collect the full balance in the matter of about 6 months when real time started sending statements.

Why would they list it that way in my credit report and then start sending statements again? I would love to get the 2nd lien off the books to free me up for refinances or whatever down the road.

I would recommend checking the status of the 2nd lien on credit. Since it was reaffirmed it should show on the report. The charge off date will determine which products may or may not be available.


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I always provide a service for our clients here at Loan Safe that are trying to improve their credit for free (in hopes they will come back to me for a loan in the near future).

We have an amazing simulator that shows exactly what you need to do to improve your credit. Feel free to check it out (not sure if it will allow me, trying now). 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 continued to have no contact with 21st, and payday loans indianapolis no longer receive the NOD internet loans letters on a monthly basis. I received one phone call, as well as an email, in January, but other than that only notices of default. At this point we are considering attempting a short sale. I still have the first settlement offer letter from GMAC (asking 33k) and we were so glad things were headed in that direction. It sounds like 21st is going to be out pay weekly loans bad credit a large amount of money and it would be in their best interest to either settle with you or foreclose on the property. We internet loans have finally decided we can no longer live in limbo, and the house is listed on MLS.

It will be a short sale, and our fingers are crossed that it will sell. Would you mind if I asked if you have a manufactured property? GMAC sold a bunch of loans after their bankruptcy (I believe), and 21st bought thousands of them. The foreclosure will cover the first and 21st will get the surplus. They have one year in Florida to pursue, so we will continue to be on pins and needles get approved for a loan during that time. After that, we will figure out how what is a payday loan and how does it work to settle with any debt collector that might get heir hands on the dead loan. Not sure if that information is any use for you if you have those plans in the future but I do hope it all works out the best and please continue to update us as it progresses. Other homeowners going through similar situations find us often and learn from what other people experience. GMAC sold a bunch of loans after their bankruptcy (I believe), and 21st bought thousands of them. The foreclosure will cover the first and 21st will get the surplus. They have one year in Florida to pursue, so we will continue to be on personal small loans pins and needles during that time. After that, we will figure out how to settle with any debt collector that might get heir hands on the dead loan. As they told me over the phone, I have been a good customer since my loan was bought from Litton-GMAC-Ocwen and who knows who else.


90 day loan

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. I received notification from Bank of America that they are forgiving the entire amount of my 2nd (approx.

I am just wondering how will I know and how do I figure out how much taxes I am going to be held accountable for paying this coming year. Will the entire amount be considered income or do they charge you a paydays loans certain tax percentage for this type of debt forgiveness?

I live in CA and my house is i need a personal loan now still underwater even with the 2nd loan forgiveness.

I received notification from Bank of America that internet loans they are forgiving the entire amount of my 2nd (approx.

I am just wondering how will I know and how do I figure out how much taxes I am going to be held accountable for paying this coming year. Will the entire amount be considered income or do they charge you a certain tax percentage for this type of debt forgiveness? I live in CA and my house is still underwater even with the 2nd loan forgiveness. Our accountant took care of the 1099 forms issued by Bank of America on the settled debt. They were issued for the amount owed minus the amount we paid to settle each Heloc. They are not just added as income, so I really suggest you have a professional do your taxes this year as they will know how to address this. Also, if it was a purchase money 2nd, it may be exempt. It would be much appreciated by those of us still hoping for a letter saying our Heloc is forgiven also.... We should be receiving letters shortly stating the lien has been released, and your balance is zero.

A 1099 will be issued which your dollar amount (very close to mine) will be added to your income (ouch. You might also check with Bank of America as I read that if the debt forgiven was taxable to loans up to 1000 you (non extension of mortgage debt relief act) that per last years settlement that Bank of America would provide tax assistance per their agreement.

I read the actual settlement agreement and the language for this is in there. You might also check with Bank of America as I read that if the debt forgiven was taxable to you (non extension of mortgage debt relief act) that per last years settlement that Bank of America would provide tax assistance per their agreement.