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foreclosure

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arya310706 Joined: 29 Jul 2009 Posts: 48 0.09 Dollars($)	Posted: Mon Aug 10, 2009 2:55 am    Post subject: foreclosure Like 0 Dislike 0 What does it mean that my mortgage was charged off? Do I have to move? Who owns the house? I was told that they are not planning to put into a foreclosure. They asked me for a settlement amount.
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Mon Aug 10, 2009 3:40 am    Post subject: Like 0 Dislike 0 Mortgage charge off does not mean that you will have to leave the property. It means that your lender is no longer interested to collect the dues from you as you are not paying the dues on time. He has, thus, sold off your account to a collection agency who would in turn collect the dues from you. You can negotiate with the collection agency and try to get a repayment plan to pay off the dues. To know more about charge off, check out the given link: http://www.mortgagefit.com/know-how/secondloanchargeoff.html _________________ Good is the Enemy of Great.
merry809 Joined: 10 Aug 2009 Posts: 35 0.02 Dollars($)	Posted: Tue Aug 11, 2009 9:36 am    Post subject: Like 0 Dislike 0 [System detected duplicate content; converted into image. Thanks.]

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