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The bank wrote off first mortgage as a loss what now

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jandk328 Joined: 28 Mar 2010 Posts: 2 1.60 Dollars($)	Posted: Tue Oct 19, 2010 8:22 pm    Post subject: The bank wrote off first mortgage as a loss what now Like 0 Dislike 0 Bank was going to foreclose they decided not to and wrote off our mortgage as a loss. We pay a specific amount to a cashiering company, and our bank will send us a 1099 then what, is this still our home?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Oct 20, 2010 1:08 am    Post subject: Like 0 Dislike 0 Hi jandk, As the bank has written off the mortgage as a loss, it will not collect the dues from you. If it has sold off your account to a collection agency, then you'll have to pay the dues to them if you want to save your property. Thanks
jandk Guest	Posted: Tue Feb 22, 2011 12:20 pm    Post subject: written off mortgage as loss Like 0 Dislike 0 It has been a year since we have paid and have not heard anything at all from anyone. Now what
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Feb 23, 2011 12:05 am    Post subject: Like 0 Dislike 0 Hi jandk! Welcome to forums! You can contact your lender and check out the name of the collection agency to whom it has been charged off. If you wish you can negotiate with the collection agency in order to pay off the debts. Feel free to ask if you've further queries. Sussane

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