Unsecured installment loans

Although I personally do not have the capability to make this a sticky, I will request that Moe make it one. And you are certainly welcome to assist me in reminding visitors at other applicable threads of this threads existence, and in inviting instant money loans successful settlement posters to re-post their stories here.

As I understand it, your actual settlement with GMAC was after the foreclosure. Hence, you decided to settle with a payday loans houma la sold out instalment loan junior, not a secured 2nd lender. Can you clarify something for me and other forum members? Do you still own the property or did Aurora foreclose and you no longer own the home?

The reason I ask is that the goal of settling a secured 2nd is to having the 2nd lien extinguished and to retain ownership of the property. However, if the 1st forecloses and wipes out the 2nd, it is no longer a 2nd, but is now an unsecured sold out junior loan. Settling with a secured 2nd is a more challenging proposition than settling with the owner of a sold out junior debt.

In fact, I recommend a debtor never settle unsecured installment loans with a sold out junior lender. As I understand it, your actual settlement with GMAC was after the foreclosure. Hence, you decided to settle with a sold out junior, not a secured 2nd lender. I complimented your having settled on the other thread because you chose the path that was right for you, and you accomplished your goal. Every borrower should make the decision for which path to follow. I personally would have chosen a different path according to my own situation and personal attitude. I complimented your having settled on the other thread because you chose the path that was right for how to get a loan with no credit you, and you accomplished your goal. Every borrower should make the unsecured installment loans decision for which path to follow. I personally would have chosen a different path according to my own situation and personal attitude.

No offense taken, hence the smiley face in my previous post. No offense taken, hence the smiley face in my previous post. I stopped paying my HELOC at the same time as my first.

I was able to get a HAMP mod on the first by hiring a very good lawyer out of Oxnard unsecured installment loans CA. Anyways the HELOC went to two different collection agencies. I found a template for a very strong counter offer on the web and customised it to my situation.

Out of the blue yesterday FedEx shows up with a letter from CHASE stating You have been approved for the full extinguishment of your second lien home equity loan easy money payday loans under the HAMP program.

This means that all amounts owed on your loan including the full outstanding principal balance interest fees and other charges will be forgiven. You easy quick loans will no longer have to pay these amounts My jaw hit the floor! I faxed my lawyer a copy and he says its legit and that I am a very lucky man and this is very rare. By the way it was all purchase money none of it went in my pocket. I stopped paying my HELOC at the same time as my first. I was able to get a HAMP mod on the first by hiring a very good lawyer out of Oxnard CA. Anyways the HELOC went to two different collection agencies.

I found a template for a very strong counter offer on the web and customised it to my situation.

Out of the blue yesterday FedEx shows up with a letter from CHASE stating You have been approved for the full extinguishment of your second lien home equity loan under the HAMP program. This means that all amounts owed on your loan including the full outstanding principal balance interest fees and other charges will be forgiven. You will no longer have to pay these amounts My jaw hit the floor! I faxed my lawyer a copy and he says its legit and that I am a very lucky man and this is very rare. By the way it was all purchase money none of it went in my pocket Get free mortgage help today.

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 have been following this thread, on and off for some time now.


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Just recently, the account to a SOJL that has passed the SOL was transfered to unsecured installment loans Real Time Resolutions. However, in the letter I received from them, they state that the current creditor continues to be BOA. The second at the time (BOA) would not allow the house to sell unless I signed a promissory note. After the short sale, I was completely underwater at the time, and followed the advise on this thread to ignore all collection efforts. My credit score took a huge hit, but just last year, all derogatory information was dropped and my score, as well as, my financials has since recovered somewhat. I am considering purchasing again but am a bit concerned due to this new agency. So I was wondering can this new servicing agent start adding fees and interest for non payment to the outstanding balance. Would they be able to legally place a lien on or come after any future property I purchase? Should I send a cease and desist letter or continue ignoring them. Or did you subject yourself to a mortgage against the property?

If it was only a personal, unsecured debt you signed and the SOL has i need money asap passed, then it is over - period. If you signed first payday loan a personal note to repay, then satisfaction of the 2nd lien should have been part of the agreement. This is my first ever hearing of a lender doing this as part of a short sale.

Short sales need very specific agreements between the parties so all are clear on exactly what each party must do. Or did you subject yourself to a mortgage against the property?

If it was only a personal, unsecured debt you signed and the SOL has passed, then it is over - period. If you signed a personal note to repay, then satisfaction of the 2nd lien should have been part of the agreement. This is my first ever hearing of a lender doing this as part of a short sale. Short sales need very specific agreements between the parties so all unsecured installment loans are clear on exactly what each party must do. I signed a promissory note to allow the short sale of the home.

The SOL was up in 2015, and recently all information pertaining to those mortgages should have been removed from my credit report.

I am unsecured installment loans now considering purchasing again within the next year, and want to know if they would guaranteed approval payday loans be legally able to come after me at that time, with a lien on a future property?

Should I send a cease and decist letter or just keep ignoring them?

I signed a promissory note to allow the short sale of the home.

The SOL was up in 2015, and recently all information pertaining to those mortgages should have been removed from my credit report.

I am now considering purchasing again within the next year, and want to know if they would be legally able to come after unsecured installment loans me at that time, with a lien on a future property? Should I send a cease and decist letter or just keep ignoring them? As I was writing, I lost track of the fact that it was a short sale. So there can be no liens remaining after the short sale. There would be nothing for you to much worry about. If a creditor could still get a lien against you, then the payday loans plano tx SOL would be completely meaningless. If the SOL has expired, If it were me, I would most assuredly ignore them. It took 3 times for my lawyer to write and ask them to provide all information relating to my account! Before I sent in my authorization letter for them to be able to speak to my lawyer, they spoke to him and even emailed him a letter that they sent to me back in 2009? I thought there were very strict laws for whom they could talk to about my account...?? Friday they sent me a 2 page letter from 2009 from RTR to me just stating that they were taking over collections on my account. In that letter they say Due to your bankruptcy you will not be receiving statements... This is probably why I never received one statement in 10 yrs... Then today they send a 1 page letter that Countrywide sent me in 2009 just stating that they were transferring my account to RTR. Sounds like they do not have anything in writing showing they purchased my specific loan.