Loan for poor credit

I have a bankruptcy that has discharged over 10 years ago. I wrote in 3 times about asking for a settlement for the 2nd mortgage.

I still have not missed a payment but will not be able to make this months payment on the 2nd and going forward. I will be able to maintain my 1st mortgage that I have with them. If I stop paying the 2nd mortgage and keep paying the 1st are they able to foreclose on me? The bankruptcy prohibits them from suing you, if the loans loan for poor credit were included in your bankruptcy filing. If there is little to no equity in the home the chances of them foreclosing on the second are minimal. I will write to small loan them again and ask if they are willing to agree to a settlement. This will be the first month I wound be able to make the 2nd mortgage payment. The bankruptcy prohibits them from suing you, if the loans were included in your bankruptcy filing. If there is little to no equity in the home the chances of them foreclosing on the second are minimal. I will write to them again and ask if they are willing to agree to a settlement. This will be the first month I wound be able to make the 2nd mortgage payment.

In fact, when you stop making payments, they become the enemy. The best approaches are usually to do the opposite. Did you do the math from your own perspective or from your lenders perspective? I will read as you have suggested and remain quiet and pray. In fact, when you stop making payments, they become the enemy. The best approaches are usually to do the opposite. Did you do online cash the math from your own perspective or from your lenders perspective? Chasegame is right about the bank NOT being your friend. I just want you to consider, just like what Chase advised, when you poor credit installment loans online sop making your payment- they become your enemy. Also, the bank may think, If you CAN settle for thousands, why you cannot pay for your 3 or 5 hundred on your 2nd? Remember, we are you allies here, and THIS time, we want HOMEOWNERS to WIN and NOT the banks, so Hang in there, ok? Just give this a second thought, besides reading some forums detailing experiences of others.

Chasegame is right about the bank NOT being your friend. I just want you to consider, just like what Chase advised, when you sop making your payment- they become your enemy.

Also, the bank may think, If you CAN settle for thousands, why you cannot pay for your 3 or 5 hundred on your 2nd? Remember, we are you allies here, and THIS time, we want HOMEOWNERS to WIN and NOT the banks, so Hang in there, ok? Just give this a second thought, besides reading some forums detailing experiences of others. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their loan for poor credit homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Me and my husband purchased our home in 2004 in Chandler, AZ and loan for poor credit refinanced in 2005, to combine the 1st and 2nd mortgage, and lower our payments. Our Loan was with Quicken Home Loans, and was flipped over before we even made our first payment to Countrywide Mortgage. Everything was fine for quite a while, until they adjusted the Interest Rate from 6. So we tried to remortgage with a couple of banks, but no loan for poor credit one could seem to get the loan closed, because the house had lost value since the last loan. Out of the advice of my mother in law, we decided not to deplete our small savings account, and we made our Final Payment in guarantee loan August of 2007. The most they offered was some ridiculous repayment plan, to roll in two missed payments. They would not help or refinance us into some other loan. After months and months of back and forth, I gave up trying to work with them.

We decided we would just rent after the foreclosure. Finally, Sometime in May of 2008, Countrywide set a sale date, and then canceled it. They then rescheduled the sale for the end of June, and then canceled and rescheduled for September. They canceled that date as well, and never moved from there. Sometime in 2009, Bank of America took over our loan. They called us relentlessly for about six months or so, and than started calling like two or three times a week.

In September of 2009, someone called from the fraud team at Bank of America. He wanted to ask about my husbands employment when we received the loan. Throughout all of 2010, and 2011 basically nothing happened. I tried a few times at getting the assistance under HAMP but received letters that my loan owner was not participating. Absent the phone calls, the only thing I recall is BOA sending someone to take pictures of my house, in 2010. Just before Christmas in 2012, we received letters from Specialized Loan Servicing, saying they were taking over the loan of BoA. Sometime after the new year, we received more notices, that SLS would not be taking over our loan, and to direct any payments or questions to Bank of America.

In the spring of 2014, we listed the house on the market as a short sale. The realtor received what was a very good offer for the value at the time, and submitted to BOA. We then submitted our financials, and documents, and thought everything would be ending then.

Bank of America refused to give an answer to the buyers, and after almost two months, they walked away.

All the while, our kids have all grown up and have left for college, and we are now stuck in a house that is way too large, for two people, and I really, wanna downsize to something smaller and simpler. I just have no idea what exactly I can do to move forward, and walk away from this home. We never envisioned living here this long, and we never planned a retirement in this area either. In addition, we also recently discovered, we cannot qualify for a new mortgage, indian payday loans online with our current one being in default. In fact, two years need to pass after the foreclosure occurs on this house, before we can purchase a new one.

So, until that day comes, we are trapped renting until BOA decides take it. Is there any way to make that possible or force a hand?

I am in a similar situation, have not made payment in 10 years. The difference is BOfA wants my house, wants to foreclose on me using fake note. If I were in your shoe I would just rent it out, have a property management company manage it and retire to wherever you want to retire.

But, I can tell you, something is really messed up with your loan. You said they initiated a sale, canceled, and then repeated it a few times before giving up. I have this feeling in my stomach, that someone, somewhere at the closing or the lender screwed up some of your loan documents. And to be quite honest, If I were you I would research and find reviews for a really good Title Company in your area and have them do a Title Report for your property, as well as follow up with a good real estate attorney. There is a decent chance, that the mortgage was not properly recorded or conveyed after the closing. I would stop talking to loan for poor credit anyone from the bank or their affiliates until you fully understand what is going on with the Title. I imagine you could get a nice chunk of change which would go a long way to renting or saving for another house. My biggest question for you is - do you know if the loan is still reporting on your credit report? Do you know if they have obtained any sort of judgment or filed any lawsuit against you?

Sounds like you won the lottery and are complaining. If the house is really no longer where you want to live, rent it out under market price and collect The monthly revenue.

Otherwise I would stay there until your last day on Earth. Me and my husband purchased our home in 2004 in Chandler, AZ and refinanced in 2005, to combine the 1st and 2nd mortgage, and lower our payments. Our Loan was with Quicken Home Loans, and was flipped over before we even made our first payment to Countrywide Mortgage.

Everything was fine for quite a while, until they adjusted the Interest Rate from 6. So we tried to remortgage with a couple of banks, but no one could seem to get the loan closed, because the house had lost value since payday loans in colorado the last loan. Out of the advice of my mother in law, we decided not to deplete our small savings account, and we made our Final Payment in August of 2007.