Chase assigns mortgage to Real Time Resolutions

Iam glad that I do not have a job preying of the misfortunes of others.Of course realtime makes so much money they are not really a caring organa zation

To Jim: Have you talked to Real Time to see if they will help you? I have seen other posts saying they were treated respectfully and really wanted to help the best they could...

We are currently with Real Time Resolutions as well. They have been awesome to us and if you can negotiate a remodification then I would recommend it. We had an 80/20 loan so we had a big mortgage and a small one. What Real time got was the 20 and it was a balloon payment of $25000 after 15 years. The normal payment on that loan was $279. The modified it to become a 30 year mortgage at a fixed rate of 2% and our payment with them is now $150 a month. Take advantage of what they offer because it was fast and it was easy. All over the phone, nothing to send in.

Hope this helps.

Troy

You need to make your payments on time otherwise the lender will have the right to foreclose on your property, You just need to continue making your payments on time and you will be fine

I've have left 4 messages, sent two emails and still no call back, what is going on with these guys? Tried the receptionist, tried for payoff....so frustrating! I thought B of A was difficult, at least they have people to answer phones!!

I too have left 3 messages and sent 3 emails, no response from them.

A lender who acquired my original mortgage from my original lender has gone bankrupt and now I make my mortgage payments to a collection agency. Is this legal? What proof do I have that my payments are going toward my debt?

Hi Lu!

Welcome to forums!

You should ask the collection agency to validate the debt. If the collection agency is unable to validate the debt, then you shouldn't make payments to them.

Feel free to ask if you've further queries.

Sussane

real-time now owns the 2nd mortgage which the 1st was satisified in foreclosure. I didn't know this until I requested a credit report. being that the property was in AZ they can not collect on it but leave it on my report as opened. How can I get them to change the status as settled or foreclosed due to delfault?

Real Time can't do squat, if the loan was wrote off or charged off ,The IRS is the ones you better look out for that charge off as a bad debt will go to the IRS as Income accountable to you . BEEN there done that

Understand that the first mtg hold all the cards, If Real Time wnats to be in charge they have to go and purchase the first mtg to become primary..that most likely will not happen.

I was served with foreclosure notice in june 08, from bank of america. however, the former attorney of record included in the motion they had lost or were unable to find my mortgage. to which i asked the court to dismiss the action, and as of this date i have not heard anything further. however, i have been contacted by realtime solutions wanting to settle, should i continue to ignore them.

Welcome hank,

If the lender could not prove that they hold the loan, then you're not liable for paying the mortgage. In such a situation, you can ignore the settlement option as given by Real Time. However, you can contact an attorney and take his/her opinion in this matter.

A CA is telling me that they are collecting for Chase on a 2nd mtg that Chase charged off. 1) on my credit report, the CA shows as the owner and not Chase. The CA says that any payments I make go to chase but all of the payments I've made so far on the payment plan with the CA 'magically' did not reduce the balance because of 'interest and penalties' the CA says. So, 2) it seems the CA is not giving the payments to Chase because they say the balance is more than what it was when Chase charged off the 2nd mtg. Is this correct or am I missing something.

The amount they want to settle is more than I will ever have at one time ($40k) so (3)if they don't accept my offer of $15k K is my only other option Chapt 7 or 11? (4)Is the CA violating any Fair Credit laws in saying the balance is more than the charged of amount due to 'interest /penalties'? I've been making payments since they first contacted me. I think BK will get me out from under this cheaper than $40k.

I've been trying to work with the CA to ultimately settle but the fact that they have eaten up all the payments I've made and want way more than I can get together now makes me think I just need to eat the fact that I will have to have a BK on my record.

It is very likely that the CA is not paying the dues to the original creditor. You can file Chapter 7 or Chapter 13 in order to get rid of these debts.