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Company Loan Type APR Est. Pmt.

2nd mortgage is charged off and I am going through BK

Posted on: 30th Jun, 2010 09:18 pm
How should I negotiate with my second, so that I can keep my house. Do I contact the bank even though the loan is charged off? When should I do it? Should I wait till my BK is discharged? How much is the reasonable amount to negotiate. I owe 2nd a little over $400K. Thanks
snapy

your first lender has charged off the loan so this is the right time to save your home by negotiating with second lender as you will be in a position to pay the installments.

This is the right time for the dea!!!l go ahead...
Posted on: 30th Jun, 2010 11:08 pm
hi snapy,

if your mortgage has already been charged off by the lender, then he will not deal with your account any further. you will have to negotiate with the collection agency in regards to the second mortgage. however, you've mentioned that you had filed bankruptcy. if the charged off mortgage was included in your bankruptcy filing, then it will get discharged.

take care.
Posted on: 01st Jul, 2010 03:21 am
How I can write PM to other users? Thanx
Posted on: 01st Jul, 2010 08:14 am
Hi DowlBroorenal!

Welcome to forums!

You will have to join the community as a community member in order to send pms to the other members.

Sussane
Posted on: 02nd Jul, 2010 12:52 am
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