Short loans online

I am still months away from foreclosure, actually should be scheduled for a conference soon. House 100K underwater according to a couple of real estate people I talked with. When a default happens on any loan a collection can occur pursuant to the law. In your case they made money on the house technically, unless you had a second on it. The money made does give you credit is you have a second. If you had a second on the loan, then if is collectable. IF you did not have a second and loan was a first and property sold for more that what was owed on it then you own nothing. Be advised that even though you are in short loans online a redemption period under your state law and a foreclosure sale occurred then any debt in default as a result would be collectable. Your lawyer should know this and send them a letter that you owe nothing, unless like no faxing payday loans I say you have a second.

The problem is with most lawyers is they take a retainer and leave you hanging and sometime wait until the very last minute to do something, even though you wanted something different. He short loans online did not do anything and I promptly went back using the laws of my state of which I quoted and got my money back. Case in point you hired the lawyer make him work or fire him. When a default happens on any loan a collection can occur pursuant to the law.

In your case they made money on the house technically, unless you had a second on it.

The cash advance tallahassee money made does NOT give you credit if you have a second. If you had a second on the loan, then if is collectable. IF you did not have a second and loan was a first and property sold for more that what was owed on it then you own nothing. Be advised that even though you are in a redemption period under your state law and a foreclosure sale easy cash advance occurred then any debt in default as a result would be collectable. Your lawyer should know this and send them a letter that you owe nothing, unless like I say you have a second.

The problem is with most lawyers is they take a retainer and leave you hanging and sometime wait until the very last minute to do something, short loans online even though you wanted something different. He did not do anything and I promptly went back using the laws of instant bad credit loans my state of which I quoted and got my money back.

Case in point you hired the lawyer make him work or fire him.

When a default happens on any loan a collection can occur pursuant to the law. In your case they made money on the house technically, unless you had a second on it. The money made does NOT give you credit if you have a second.

If you had a second on the loan, then if is collectable. IF you did not have a second and loan was a first and property sold for more that what was owed on it then you own nothing.

Be advised that even though you are in a redemption period under your state law and a foreclosure sale occurred then any debt in default as a result would be collectable. Your lawyer should know this and send them a letter that you owe nothing, unless like I say you have a second. The problem is with most lawyers is they take a retainer and leave you hanging and sometime wait until the very last minute to do something, even though you wanted something different. He did not do anything and I promptly went back using the laws of my state of which I quoted and got my money back.

Case in point you hired the lawyer make him work or fire him. I guess this is all going to be a huge learning lesson, one way or another.

Pellenga: I also have a second with them and would like to settle it and get it over with. The house foreclosed a few years ago and its just hanging there. Pellenga: I also have a second with them and would like to settle it and get it over with. The house foreclosed a few years ago and its just hanging there. I called them and found out that we have a desinated case manager. No one else will talk to us, they redirect us to her. I explained to her online loans direct lenders that not only are we married but I was added as a authorized person on the loan several months ago. I have the experience in negotiation much more than he does. We both really want them to work with me on how to apply for loans the deal.

These loans are sold to Stategic by Fannie as fannie knows the person foreclosed on has no money and to collect is probably not affordable to fannie. So, fannie sells the debt to a collector for pennies on the dollar and the junk debt buyer goes after the person. Most money lending companies do not have money to hire an attorney, so they settle. They do not realize, that first the debt collector must have a license within the state it collects and if it does not it is in violation of the Fair debt and collections act.

It is a sad deal what these crooks are allowed to do, but they are only allowed to do what they do as nobody challenges it. However, these are some people that played their cards right in this whole mortgage game. Once a person lets their home go, and is done fighting the nasty battle, they are typcially in a better financial position then they were before the foreclosure. If total is not satisfied they have the right to GO BACK TO COURT AGAIN in a separate matter and ask the judge to give them extra money.

Months have gone by without hearing anything else from them, and I start to look for and get turned down for another loan(s).

I need a personal loan now get a copy of my credit report and find that in Feb. I decide to call the guy on the authorization letter from Fannie Mae.

After telling him I was not satisfied and was going to pursue things elsewhere, he started asking if I had any kind of hardship, eventually he said he would call Clearsprings and get the issue removed from my credit report and issue a 1099c.

I, too, have been getting letters from Strategic Recovery Group after a Fannie Mae Foreclosure. However, there is no mention of judgment of any kind in the letter simply a deficiency. I can only assume the next one will be even less generous. If I had money, I would have been paying my mortgage and never would have had to foreclose... If total is not satisfied they have the right to GO BACK TO COURT AGAIN in a separate matter and ask the montel loans judge to give them extra money. Months have gone by without hearing anything else from them, and I start to look for and get turned down for another loan(s). I get a copy of my credit report and personal loans companies find that in Feb. I decide to call the guy on the authorization letter from Fannie Mae. After telling him I was not satisfied and was going to pursue things elsewhere, he started asking if I had any kind instant cash loans no credit check of hardship, eventually he said he would call Clearsprings and get the issue removed from my credit report and issue a 1099c. I re-read the thread last nite before posting, including your responses to see if I short loans online had missed anything, or was misunderstanding anything. I think you are wrong on your conclusion because one block in your foundation is misplaced. However, how a contract is enforced varies from state to state. You are correct that the debt was owed, however, you are forgetting that the debt was secured by an asset.

In this case, the asset was worth more than the debt, (although that is not usually the case). Next comes a formal (including being served by the sheriff) judicial proceeding where the judge decides who is right. The judge issues a decision, usually in behalf of the lender, short loans online and this is called a DEFAULT JUDGEMENT.

It has now been determined that the borrower is behind by a certain amount, and the lender now has legal right to sell the asset to offset the amount of the default. The default judgement does not establish a net amount or any amount owed to the lender, it payday loans vancouver b c only gives them the right to continue the process of settling their debt.

AFTER THE ASSET IS SOLD then a final accounting of who owes what can happen. There has been no determination by anyone prior to this point as to who owes whom what.

At this point I do not owe them a debt as you suggest.

At some future time, the lender , if they want to, can proceed back to court a second time for a DEFICIENCY judgement if they want to spend the time and money to do so. If they do not do that, then no further contractual or legal obligation between the lender and borrower exists.

Regarding the 1099c, again, if no debt has been established by a court or other statutory authority, then there is no debt to forgive, therefore no tax to be paid.


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And lastly, anytime a person has been damaged, they can ask the court to correct the situation, In Pa. Whatever label you put on it, it is wrong, and sooner or later it will come out. Elsewhere on this board, someone stated that SRG is an aboveboard collection agency, if I get a minute, I will try to trace that back and comment on that as well, because they are not Perfect timing, because I just got a letter from Clearspring (to whom our debt has apparently been sold again, because the last few letters came from them and NOT Strategic Recovery Group) the other day saying they are now instruct their collection attorney to come after us. You will need to go back in your paperwork and find out which kind of mortgage you had. I am going to try to find the website that describes what happens after foreclosure, but I think Michigen is a recourse state, meaning that they can come after you, but must do so in a legally prescribed fashion. What Clearspring, SRG, Vantium, and Fannie Mae are doing should be collection fraud in short loans online Pa. Read my above post replying to Jeffrey explaining what I am pretty sure is the proper proceedure in recourse states. The only variable would be the time limit established by statute. I will try to find out what that is in Michigan for you.

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. You will need to go back in your paperwork and find out which kind of mortgage you had.

I am going to try to find the website that describes what happens after foreclosure, but I think Michigen is a recourse state, meaning that they can come after you, but must do so in a legally prescribed fashion. What Clearspring, SRG, Vantium, and Fannie Mae are doing should be collection fraud in Pa. Read my above post replying to Jeffrey explaining what I short loans online am pretty sure is the proper proceedure in recourse states.

The only variable would be the time limit established by statute. I will try to find out what that is in Michigan for you. Scroll down to Michigan, looks like they can proceed with chasing money, but will need to look further to establish how that is done, again, in Pa.