Secured loan bad credit

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 secured loan bad credit Read our Privacy Policy and Legal Disclaimer Like everybody else in this thread, I also received a Dodd-Frank Certification from CitiMortgage (2nd mortgage). The letter states: As part of your participation in the federal government Home Affordable Modification Program with your first mortgage, your second mortgage may be eligible to be closed. This means that if you qualify, your second mortgage debt will be forgiven. In order for us to to review your eligibility, please fill out and sign the enclosed Dodd-Frank Certification and send back to us. My 1st mortgage (Sallie Mae) was permanently modified way secured loan bad credit after the discharge.

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. Like everybody else in this thread, I also received a Dodd-Frank Certification from CitiMortgage (2nd mortgage). The letter states: As part of your participation in the federal government Home Affordable Modification Program with your first mortgage, your second mortgage may be eligible to be closed. This means that if you qualify, your second mortgage debt will be forgiven. In order for us to to review your eligibility, please fill out and sign the enclosed Dodd-Frank Certification and send back to us.

My 1st mortgage (Sallie Mae) was permanently modified way after the discharge. The wording that they are using in the letter is what is odd.. After a BK, you have already closed the loan or promissory note part of it becuase they can no longer try to collect on that debt under any circumstances.. From the letter, I would assume they are talking about taking the entire thing off the books, but you would want to know for sure about the lien This lien is recorded as a deed of trust in your county recorders office and you can view it there.

You can always sign the paperwork and watch to see if online personal loans no credit check there is a release of lien that is recorded in the county along with the others. After 6 months of continual going back and forth with CitiMortgage (they kept on asking for more and more info... What they interest free payday loans are saying is that my gross income is not enough reletive to the combined 1st and 2nd mortgages (both with CitiMortgage). I have not been late on any payments, have been struggling to do it...

I have a business and if I ruin my personal credit, then short term credit I ruin my business credit. I have a 2nd lien mortgage also with CitiMortgage with an interest rate of 6. I feel that CitiMortgage had falsely appraised my home when taking out the home equity loan at a ridiculously high value 5 yrs ago. If secured loan bad 3 month payday loans direct lenders credit you felt that the appraisal at the time was over inflated, why did you accept the loan amount and terms and not contest the appraisal?

We would be unable to advise you on whether or not to stop paying your second mortgage, however, if that is the route you have been thinking of going, there is a great thread on how to go about settling your second here The comments by me and the materials easy cash advance 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 I would not necessarily call it a bad decision on my part. I loans lenders needed funds to make important home improvements, assuming that it was important to maintain the long term value of my home and investment. As a consumer, we look to our lenders for not only financial assistance but also for guidance with a tinge of moral responsibility. They made it too easy to get a home equity loan at that time and I would have been much better off without it at all or a much less amount. I would have adapted and either saved money or done less on improvements.

I find it interesting that there was no requirement for financials at the time of getting the loan (stated income) and not a physical home assessment. But now after submitting virtually everything hook line and sinker (and being honest about it), I am now somehow not making enough to support it. If the first lien is affordable and you want to stay in the home, the first post in the link I provided has information on the steps to take to work on a settlement of your second lien.

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 Good news - I followed your advice and sent the required doc to my 2nd lender right away. A week later, it sent me a response letter stating the acct is now closed. Good news - I followed your advice and sent the required doc to my 2nd lender right away. A week later, it sent me a response letter stating the acct is now closed.

Would you mind posting your story on the success stories thread? I just received a check from GreenTree returning my Dec payment with an invoice stating 2MP-Extinguished as description.

I got a modification from my primary mortgage company Wells Fargo about a year ago. GreenTree had been harrassing me and threatening to take loan approval direct my house for about 6 months even though I gave them whatever I could afford.

I paid dilegently for a year and a half, then came a Dodd-Frank Cert that was due 2 weeks ago. I called GreenTree and the rep told me to sign it anyways and send it back along with a letter of explanation and photocopies of the Fed-ex envelope it was sent in to prove I received after deadline. I sent it in with little hope and 2 months went by. Then came the check, I called and my balance due with them is zero. I just received a check from GreenTree returning my Dec payment with an invoice stating 2MP-Extinguished as secured loan bad credit secured loan bad credit description. I got a modification from my primary mortgage company Wells Fargo about a year ago. GreenTree had been harrassing me and threatening to take my house for about 6 months even though I gave them whatever I could afford. I paid dilegently for a year and a half, then came a Dodd-Frank Cert that was due 2 weeks ago. I called GreenTree and the rep told me to sign it anyways and send it back along with a letter of explanation and photocopies of the Fed-ex envelope it was sent in to prove I received after deadline.

I sent it in with little hope and 2 months went by. Then came the check, I called and my balance due with them is zero. Thanks for sharing your story about your second lien becoming extinguished as a result of the HAMP 2MP program, that is such great news. 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 secured loan bad credit 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 I need guidance. I went ahead and applied for a modification and after one year Citibank finally approved it for my second.


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In August 2012 they stated I needed to make a payment by October 5, 2012 and then they would send my the documents for the reduced interest and payment of which to this day I have never received it. I call them every two weeks and they state they will look into it.

I called the automated number and they state the new balance and the payment due on November 1, 2012 but no past due amounts or anything. This would make the second time this was modified and would love to have them send me a Dodd-Frank Certificate since I am under water with even the modified second.

I went ahead and applied for a modification and after one year Citibank finally approved it for my second. In August 2012 they stated I needed to make a payment by October 5, 2012 and then they would send my the documents for the reduced interest and payment of which to this day I have never received it.

I call them every two weeks and they state they will look into it. I called the automated number and they state the new balance and the payment due on November 1, 2012 but no past due amounts or anything. This would make the second time this was modified and would love to have them send me a Dodd-Frank Certificate since I am under water with even the modified second. 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 Is there any hope for a 2mp for me?

I have been following up - daily-weekly-monthly- on the 2MP ever since. After about a year, I was told there was an address mismatch. The HELOC had the old county address, which was changed long before we bought the house.

I had to get a letter from the postmaster general, which took me about 6 months to do, stating the address was changed. They could not use common sense, or the fact that we are the only house on our street in the city. I have faxed in the MHA loan papers numerous times. This year, I am told mostly that the 2mp is generated automatically by the government, and B of A has no control over it. Or they tell me to apply for an in-house modification. We night not be under water with our mortgage any more, now with housing prices going up a little.