---

Deed in lieu of forclosure 2nd mortgage not paid sent to CA

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
vrfloyd112 Joined: 12 May 2011 Posts: 1 1.38 Dollars($)	Posted: Thu May 12, 2011 9:24 am    Post subject: Deed in lieu of forclosure 2nd mortgage not paid sent to CA Like 0 Dislike 0 My husband and his ex wife had a home with a 2nd mortgage in the state of GA ~ During the divorce the bank agreed on a deed in lieu of foreclosure. This was almost a year ago and since the bank has sold the 2nd to a collection agency. Both dollar amounts show on his credit as foreclosure from the bank. He is now receiving letters and calls from the collection agency ~ His ex took everything and he does not have a retirement and we live paycheck to paycheck. My greatest fear is they will garnish his pay and /or take our home.( He purchased a small home financed by a relative , but it is in his name. ) We can not afford an attorney and I am scared to death. The amount is $100k
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Thu May 12, 2011 11:16 am    Post subject: Like 0 Dislike 0 You could always have the relative change the owner on title. Also, if a judgment was ordered against him, it is attached to him. I believe you would need to get a court order for garnishment. Try contacting a attorney for a free consultation. Many attorneys will explain your rights, in a free consultation. Are in in GA or CA, because you might have typed both. _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu May 12, 2011 9:13 pm    Post subject: Like 0 Dislike 0 Welcome vrfloyd, If the court had ordered for a deed in lieu of foreclosure, then the lender should have gone for it. He shouldn't have charged off the loan. You can fight a legal case with the lender in this ground. As Chris has said, you should contact a lawyer for free consultation in this regard. _________________ Procrastination is the enemy of your financial success

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0