Payday loans in houston

All I did was give a verbal offer and the phone rep placed me on hold (to speak to loan approval direct a manager). Not bad for just ONE phone call after over 10 months!!!

I did NOT OWE the income tax on this via the The Mortgage Debt Relief Act of 2007 since the HELOC was originated solely to obtain the home initially.

I had good timing as this relief act was going to be eventually extended up thru 2016 from what I read. So in the end, I got to keep my home with one modified 1st loan NO more HELOC! The money I saved from not paying BoA for 5 months and SLS. Even after a loan mod, you are able to buy another home provided you show that you have had excellent mortgage payment history for 24 straight months after mod. Hope you all have just as good outcomes with your underwater loans! BONY holds my note which was originated by Countrywide, sold to BOA, then I guess bundled and sold to BONY.

I wish BOA still had both of my notes as I hear of settlements all the time with them. DEMAND to have in writing that the account is paid in full or settled in full and it is clearly stated that lien will be released on your home. You will have to file this in your tax return for the year they issue it, so you have to push them to settle it in 2016 in order to get the relief for the discharge of indebtedness. You will file this 1099 with your tax return but you are not liable for the income tax from the amount forgiven. I am fighting now to get the letter updated to clearly state the info I am asking for. You should not have to pay income tax on any debt forgiven for real property (i. Curious to know if it helped, hurt and if so how cheap cash loans much. Update post - So, we just got a Notice of Default and Election to Sell Under Deed of Trust on our second. To recap, we are current on our first, never late, in fact, and stopped paying on our second in September of 2013. My question now is, is it too late to call and try to payday loans in houston negotiate? Update post - So, we just got a Notice of Default and Election to Sell Under Deed of Trust money lending websites on our second. To recap, we are current on our first, never late, in fact, and stopped paying payday loans in houston on our second in September of 2013. My question now is, is it too late to call and try to negotiate?

Lawyers have been a waste of money for most folks here, but that is a personal preference. Could not find other foreclosures on 2nds on the forums, ours was the first I can see happening thus far. Same as you, we payday loans in houston were always current on our first, stopped paying the Heloc in 2014. Offered a settlement November 2015, with hardship letter. We had settled two Helocs with BofA in 2014 on rental homes, so were willing to try on our primary, and also willing to let it go otherwise. They just transferred servicing to Seterus, who has not sent us anything on our new loan number and payment due for July 1st.

Lawyers have been a waste of money for most folks here, but that is a personal preference. Could not find other foreclosures on 2nds on the forums, ours was the first I can see happening thus far.

Same as you, we were always current on our first, stopped paying the Heloc in 2014. Offered a settlement November 2015, with hardship letter. We had settled two Helocs with BofA in 2014 on rental homes, so were willing to try on our primary, and also willing to let it go otherwise. They just transferred servicing to Seterus, who has not sent us anything on our new loan number and payment due for July 1st.

The first and second are with different lenders, as the second has been sold at least three times since we bought the house, and the first has been sold at least twice. The first and second are with different lenders, as the second has been sold at least three times since we bought the house, and the first has been sold at least twice. In AZ, have have up until the day of the sale to pay all fees and back payments and stop the sale.

In AZ, have have up until the day of the sale to pay all fees and back payments and stop the sale. Sugarpike, reading your previous posts, you say the 2nd was charged off? This is an accounting move and usually means they are not headed towards foreclosure, but may come after you for the debt. I wonder if it was sold payday loans in houston to a Junk Debt Buyer and they are trying to intimidate you..... And yes, when we last ran our unsecured loan company credit a few months ago, there is an indication that the 2nd was charged off (and my credit rating is still quite high, fingers crossed that it stays that way). And yes, when we last ran our credit a few months ago, there is an indication that the 2nd was charged off (and my credit rating is still quite high, fingers crossed that it stays that way). With this problem HELOC gone, I would like to try and refinance my 1st and 2nd. Problem has been the HELOC which is now going away.

However, they will report settled for less than full amount which ironically will put me into a category where there is no way I can qualify. Does anyone know if creditors are required to report settled for less than full amount , or can they simply say nothing. If so, I will try to get this provision included in my settlment agreement. They are not required by law to report anything, but they work hat and hand with the credit reporting agencies so they most likely will. 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 They are not required by law to report anything, but they work hat and hand with the credit reporting get a loan now agencies so they most likely will. Makes you feel like you are not the only one going through mortgage problems. With this problem HELOC gone, I would like to try and refinance my 1st and 2nd. Problem has been the HELOC which is now going away. However, they will report settled for less than full amount which ironically will put tribal installment loan lenders me into a category where there is no way I can qualify.

Does anyone know if creditors are required to report settled for less than full amount , or can they simply say nothing. If so, I will try to get this provision included in my settlment agreement. Well, earlier this week, I read a Press Release where the CFPB went after quite a few lenders for their failure to properly report mortgage histories to the credit bureaus. The CFPB claimed lenders are required to properly report because that info is used to collect Federal data.

I wondered if I had enough leverage to settle on the second now that the home is still underwater and has had arrears tacked onto the first mortgage? I checked my credit report and it says the second was a charged-off.

I was leaning to contacting them, but do not know the legality of how much time they have to pursue me. I would like to offer a settlement if they would close it out, show it as paid in full and not pursue the difference. I am self-employed and my salary ebbs and flows with more ebbing than flow... Since 2007, the LoanSafe forums have best place to get a personal loan 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 wondered if I had enough leverage to settle on the second now that the home is still underwater and has had arrears tacked onto the first mortgage? I checked my credit report and it says the second was a charged-off.

I was leaning to contacting them, but do not know the legality of how much time they have to pursue me. I would like to offer a settlement if they would close it out, show it as paid in full and not pursue the difference. I am self-employed and my salary ebbs and flows with more ebbing than flow... Sure would be helpful to know what leverage, if any was used. Does anyone know for sure the legalities or statute of limitation in Marylandistan for second liens? I received an extinguishment and so did a close friend of mine. In both cases they wrote or called us, offered the extinguishment and sent the paperwork. If payday loan america you qualify for chapter 7, it will take no more than a couple of years to rebuild your credit. I have several reward credit cards already, with no yearly fees and I filed in 2013.

Question for those that have successfully settled their seconds which were considered paid in full. I made an offer and ultimately verbally accepted a counter offer. I received verbal agreement that it would be considered paid in full and reported as such within x days. Did any of your settlements that were considered and reported as paid in full read this way? Question for those that have successfully settled their seconds which were considered paid in full. I made an offer and ultimately verbally accepted a counter offer. I received verbal agreement that it would be considered paid in full and reported as such within x days.

Did any of your settlements that were considered and reported as paid in full read this way? Today, out of nowhere I received a copy of the Deed of Reconveyance and lien release for our Chase 2nd from 2006.

Even googled the term to be sure i knew what it was lol! Today, out of nowhere I received a copy of the Deed of Reconveyance and lien release for our Chase 2nd from 2006. Even googled the term to be sure i knew what it was lol! Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes payday loans in houston with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. HELOC was completely maxed out as part of the purchase. Both loans were through American Home Mortgage (AHM).

Before AHM collapased in 2007 the 1st was sold to some investment pool and servicing was sold to Wells Fargo. The HELOC ended up with Bear Stearns (as EMC), which then became part of Chase I believe when Bear went under.

Meaning it is pretty much worth the value of the 1st only. For some reason unknown to me, they unfroze the line in early 2009. Last cheap payday loan year the HELOC was sold again and SLS became the new servicer.

It is listed as being owned by a small bank in Georgia. In January I received a letter from SLS indicating that the owner of the HELOC was not renewing the draw period (it apparently expired after five years and there was an option payday loans in north carolina for the owner to extend it for another five years). With the draw period not being renewed that meant that I would have to start paying back principal on the HELOC. I initially wrote them back and requested that they reconsider their decision and extend the draw period for another five years so that I could continue making the interest only payment.