---

losing home

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Guest	Posted: Thu Jan 20, 2011 8:45 pm    Post subject: losing home Like 0 Dislike 0 first mortgage with one bank up to date second bank has home equity line. second bank forclosing on equity line, will i lose my home if equity line is forclosed on?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Jan 20, 2011 10:12 pm    Post subject: Like 0 Dislike 0 Welcome Guest, You will lose your home if the second lender decides to foreclose the property. However, after the foreclosure, the second mortgage lender will have to pay off the dues of the first mortgage lender before satisfying his own dues. _________________ Procrastination is the enemy of your financial success
morsejoc Joined: 21 Jan 2011 Posts: 2 1.16 Dollars($)	Posted: Fri Jan 21, 2011 5:40 am    Post subject: Like 0 Dislike 0 It is not for sale. Make sure you have instead of artificial recharge and bank Mortagage not continue to lack appeal. What is the standard code with the Deed instead. _________________ Tenancy Agreement
Dan G Guest	Posted: Tue Oct 18, 2011 9:57 am    Post subject: My morgage Like 0 Dislike 0 Can you give me advise? I had both my loans with country wide loans then went to bank of america. I lost my job and went through the 1 year thing for the loan mod..What a pain that was, Then before bank of america would do the 2nd mod they sold it to another investing company call Specialize loan servicing LLC. I have not been able to pay anything on my second for almost 2 years. I have tried to work things out with them but they want me to become current with them instead of pushing the payments to the back of the loan so I can start making my payments.What should I do
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Oct 18, 2011 10:06 pm    Post subject: Like 0 Dislike 0 Hi Dan, It will be better if you could take steps in order to get rid of the property. You should contact your lender and apply for a deed in lieu of foreclosure. This will not only help you in getting rid of the property but you won't be liable for paying the deficient balance resulting from the sale of the property. Thanks

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