Payday loans nashville tn

Refinancing is not the option since my income slashed dramatically since first modification. I have learned that I cannot reapply for HAMP again, I am qualified though for streamline modification.

Regardless was it reaffirmed or not, they cannot make me to reaffirm it, but they are required to offer me a streamlined modification once I request it, since I am already in a government program so to speak. It certainly sucks you do not have benefit of on time payment reporting with the credit bureaus. Of course, if you miss payments, you are not dinged with the credit bureaus either. Of course, if you miss payments, you are not dinged with the credit bureaus either. I quick money loan am pretty sure payday loans cleveland ohio there is not going to be any credit score damage ,since mortgage is not on any books since the debt was discharged through Chapter 7.

Refinancing is not the option since my income slashed dramatically since first modification. I have learned that I cannot reapply for HAMP again, I am qualified though for streamline modification. Regardless was it reaffirmed or not, they cannot make me to reaffirm bad credit loan lenders it, but they are required to offer me a streamlined modification once I request it, since I am already in a government program so to speak.

I am still trying to get another modification with the bank. I want to keep my place but hopefully, at the lower rate.

It makes sense for you to sell if you just want to get out of it.

I am still trying to get another modification with the bank. I want to keep my place but hopefully, at the lower rate. It makes sense for you to sell if you just want to get out of it.

I might just go 69 days past due which will save me 7000 to use towards other payments over the next year. I m waiting for them to call payday loans nashville tn payday loans nashville tn about unemployed programs they are supposed to offer fir a short period of time. I might just go 69 days past due which will save me 7000 to use towards other payments over the next year. I m waiting for them to call about unemployed programs they are supposed to offer fir a short period of time. The best is to contact the bank and ask about your options. HAMP is only one time entrance so to speak, if you were in one, another one is forbidden. Streamline is driven by standard modification interest rate which is 3. The best is to contact the bank and ask about your options. HAMP is only one time entrance so to speak, if you were in one, another one is forbidden.

Streamline is driven by standard modification interest rate which is 3. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either payday loans nashville tn save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.

PNC bank charged it off in 2009 after we tried a loan modification with them and our first mortgage. We were successful with first mortgage and we were advised to walk away from second as worst that would happen was charge off. A charge off is a term that means the creditor no longer considers the money you owe as a source of profit, but rather, counts it as a loss. A charged off loan is still considered an obligation that you must pay. Basically when you stopped making payments on the debt your second lien holder eventually determined that the payday loans nashville tn debt was unable to be collected and decided to charge it off. This means the lender is writing the debt off their books but doesnt mean that it forfeits the right to collect the debt. Even though the lender did a charge off, the debt remains valid. The reason West Coast Servicing is asking for the money is because they are the debt collectors. Can they foreclose when we are current with our first mortgage? They could have transferred the servicing rights over to them also, but I have never heard of them before as well.

Now that property values have increased we might start seeing this happen more often than not. I would continue to try and settle with them, possibly start at 8 percent and see what they counter to. If worst case scenario occurs file a CH13 BK and strip the lien is what I would do. If you want me to pull a title report and see the comparable sales in your area to help determine value I would be willing to help. Basically you want the 1st mortgage to either exceed the properties worth or be very close. The comments by me and the materials available at this web site are for informational payday loans nashville tn 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. The comments by me and the materials available at this web site are same day cash advance online for informational purposes only and not for the purpose of providing legal advice.


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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 A strip off will not work for OP if there is equity in the property over what is owed to the 1st. As Erik pointed out, the lender has the right to foreclose and now that properties are going up in value homeowners who decided to simply ignore their 2nds are, IMO, going to be in for a rude awakening. Until the attorney letter, we never received one thing from them. They do have a website and also do business as a real estate company. 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 Thanks everyone for chiming in, for the past few days I have been trying to get as much rest as possible from breaking my foot.

The advice everyone has given is exactly what I would have recommended. We too have received a notice from this company West Coast Servicing for our second.

This after trying to mod the loan with GMAC almost 10 years ago to no avail. Have you seen them initiate any type of foreclosure activity?

Erik my second has fallen off my credit report and is it been 1o years since my last payment. Not necessarily, you would have received a notice that the loan was charged off. I would check with title to see if this lien is affecting title. Have you seen them initiate any type of foreclosure activity? Have you seen them initiate any type of foreclosure activity? 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. Can the lender foreclose on me if I am making payments but the market value of the home increases to the point my loan is no longer underwater?


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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.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last payday loans lawrence ks 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 been paying and staying after a chapter 7 discharge in 2010. We now have a new mortgage servicer that calls on day 3 Asking what our intention is with the property and when we are paying? Are they violating our bankruptcy discharge by contacting us to collect? Or since we pay and stay do they have the right to call? Payment is always made within the 15 day grace period.

Just curious as out old servicer NEVER contacted us at all.

You could inform them that it has been discharged in payday loans nashville tn bankruptcy and any call to collect is improper: to be fair, it is possible (just slightly) they may not be aware. If they persist, then just inform the lawyer who handled your BK.

My suspicion (yes, I have grown a suspicious and cynical nature after many years of life experience) is they would like to trick you into a reaffirmation of some sort, putting you back on the hook. Are you sure it is just a servicer and not some group of investors who bought your old mortgage? During your bankruptcy, there was a stay on bad 24 hr loans credit payday loans guaranteed approval direct lenders the foreclosure. The holder has to go through court procedure to get the stay lifted and, if they do, can continue with the foreclosure since they still have a lien on the property, even though the debt (note) has been discharged.

So, they might just want to continue to collect, though formally.