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2nd mtg charge off???

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Guest	Posted: Tue Jan 26, 2010 1:09 pm    Post subject: 2nd mtg charge off??? I am modifying my first loan an am in CA and have some equity in my home 150K... my 2nd is @75K and has been charged off? The bank (2nd) claims they are going to sue me when I call? Can someone please help me and advise me what to do?
rschigur Joined: 26 Jan 2010 Posts: 2 1.15 Dollars($)	Posted: Tue Jan 26, 2010 7:13 pm    Post subject: 2nd charge off The same thing happened to me. I made arrangements with the collection agency to make interest free payments. That way you will avoid getting a judgement against you. That being said, if they do sue you, they can't forclose on you because of the 2,d.

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