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Do I owe 2nd mortgage?

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Jeffreyvanh Joined: 15 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Fri Oct 15, 2010 8:47 pm    Post subject: Do I owe 2nd mortgage? Like 0 Dislike 0 my house was foreclosed Jan 2007 1st mortgage settled, 2nd mortgage was not, I was contacted 6 mos later by collection agency requesting $46k, I explained I would not be able to pay, I would have to consider bankruptcy. Never heard anything, I was contacted again in 2008 I repeated my my response, they advised hey would proceed with judgement hearing. I never heard from them again. Today 10/15/10 I was contacted by DCS (Diversified Collection Services, Inc.) | A Performant Company | 333 North Canyons Parkway | Suite 100 | Livermore, CA 94551. I was advised that I now owe $68k, they will consider a foreclosure settlement of 10% ($6800) 10% is something I would consider if I could make monthly payments.They (DCS) want an answer by 10/19/10. Is this valid or a scam ? Would you be able to advise me on this matter?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Oct 17, 2010 10:04 pm    Post subject: Like 0 Dislike 0 Hi Jeffreyvanh, You should ask the collection agency to validate the debt. If they can successfully validate the debt, then you should make the payment to them. _________________ Procrastination is the enemy of your financial success

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