---

HELOC move to Recovery DEPT.

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
elainenguyen83 Joined: 12 May 2011 Posts: 1 1.29 Dollars($)	Posted: Thu May 12, 2011 12:20 pm    Post subject: HELOC move to Recovery DEPT. Like 0 Dislike 0 My first loan with chase now is permanently modified but now my HELOC account for $34K will be move to Recovery Dept. end of this month. I've missed payment on HELOC for 5months.What should I do? How do I start to settlement with Chase? Please help? I'm very devastating..
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Thu May 12, 2011 2:36 pm    Post subject: Like 0 Dislike 0 You want to get current however you can. The second can purchase the first and assume foreclosure in most states. You can try to contact them to see if they will work with you. Its all case by case. _________________ 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 8:59 pm    Post subject: Like 0 Dislike 0 Welcome elainenguyen, You should contact the second lender in order to find out whether or not they will consider you for a loan modification. If they agree to modify your loan, then you will be able to save your property. Or else, the second lender has the rights to charge off or foreclose the property. _________________ 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