Home arrow Mortgage Forums arrow Looking for Mortgage again arrow

2nd Lien Charge Off

Author Message
Icon Mini Profile myeshman





Joined: 03 Nov 2009

Posts: 1

1.25 Dollars($)
Post Posted: Tue Nov 03, 2009 1:44 pm    Post subject: 2nd Lien Charge Off
Like 0
Dislike 0

2nd lien holder charged off balance even though I had been making modification trial payments and the 2nd was a purchase money 2nd. Am I still responsible for the balance?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Tue Nov 03, 2009 7:34 pm    Post subject:
Like 0
Dislike 0

Hi myeshman!

Welcome to forums!

Did the second lender modify your second loan? If not, then the second lender can charge off the loan. Yes, you would be responsible for the payments. The collection agency would contact you and ask for the payments.

Know more about second mortgage charge off from the given page:
http://www.mortgagefit.com/know-how/secondloanchargeoff.html

Feel free to ask if you've further queries.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.056 seconds.