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Company Loan Type APR Est. Pmt.

2nd mortgage charge off

Posted on: 07th Dec, 2006 03:49 pm
Our 2nd mortgage with benefical was an original 15,000.00 loan. It has escalted to 32,000.00. They are going to charge off this month. My husband is disabled & 1 child disabled. The loan is only in his name. But my name is on the deed. I understand a 1099 we will recieve. What happens to the charge off. with a lien against the home. Will it come off in 7 years? Thanks, Melissa
Hi Melissa,

Your query has been answered at http://www.mortgagefit.com/know-how/secondloanchargeoff.html . In case you have any doubts, do let us know so that we can resolve it asap.

Thanks,

Caron.
Posted on: 07th Dec, 2006 08:10 pm
Hi Melissa,

You must be in very troubled mental state with the disability of your husband and child. In addition to it the financial burdens and concerns of running the family must be very difficult to handle.

I hope things improve and your financial difficulties also get solved.

Brabham
Posted on: 20th Jan, 2007 11:59 am
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