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I have a 1st & 2nd mtg and I have requested a short sale. I am able to make my 1st mtg payment but I do not have the funds to make my 2nd mtg pymt. If I stop paying [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url] what happens? Can the 2nd lender foreclose on my house? And if not, what happens to the 2nd loan? If they charge off & put a lien on my house, then I will never be able to sale it because I owe more than the house it worth? Any advice? Also, if they charge off & put a lien on my house, can I then BK it?

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have not make payments on my [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url] sence sep 2011 .I was under imprission the bank is going to modfy it just llike they did the first they gave it to collection agency and now they are harasing what should I do[/b][/list]

Like | Dislike | Share | Posted: Mon, 01/14/2013 - 09:49 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

The second lender still holds the lien on the property though it was included in your bankruptcy filing. I don't think it was wiped off due to your bankruptcy filing. As you did not reaffirm your second loan, you are nor personally responsible for it. However, as the lender holds the lien, he may foreclose the property if you do not make the payments. It would be better if you could contact the lender and check out if you can get a payment plan to pay off the dues or if he can forgive the loan.

Like | Dislike | Share | Posted: Wed, 10/07/2009 - 00:46 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

If your name is on the second mortgage, then the lender has the rights to come after you for the mortgage dues if your husband stops paying it.

Thanks

Like | Dislike | Share | Posted: Wed, 06/16/2010 - 00:09 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Ron,

If you've taken out a second mortgage, then you're responsible for paying the second mortgage. If you're facing hardship in paying off the loan, then you should contact your lender regarding the same. The lender may help you with a repayment plan which will make it affordable for you to pay off the dues.

Like | Dislike | Share | Posted: Sun, 12/26/2010 - 21:52 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Tara,

It is responsibility of the first mortgage lender to pay off the second loan if the property sale resulted in a profit. You should immediately contact the first mortgage lender and sort out the matter.

Like | Dislike | Share | Posted: Sun, 07/14/2013 - 22:13 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Thanks very much for the info GMA, I guess I have to save my pennies and look forward to a settlement offer from the collection agency.
I truly went into this blindly, I took the money to pay off some bills and never realized what a mess I put my family through signing a deal with the devil 10 years interest only @ 7.6% for 10 years and a balloon payment at the end.
I honestly have tried every possible avenue to get the second refinanced and I have gotten every door shut in my face.

Like | Dislike | Share | Posted: Fri, 07/08/2011 - 06:52 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I got a modification done for my rental property and have a second mortgage I cannot pay of $75,000. Are they able to put a lien on my primary residence for that, if I do not file for a chapter 13? I want to file for chapter 13 after the Loan for my primary residence is modified officially.

Like | Dislike | Share | Posted: Tue, 10/12/2010 - 22:57 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I owe 325,000 on my first mortgage, which I am current and my second mortage is 70,000 which I am soon not being able to afford but is current..what are the chances the second mortage company will forclose? My loans are owned by 'private investors' i have been told. Its not a Fannie Mae backed or owned by one of the big mortgage companies.

Like | Dislike | Share | Posted: Wed, 07/28/2010 - 08:40 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Agreed that it is always better to set up a payment arrangement, but that's often not viable for a borrower. Being harassed for payments could be worse, too.

Like | Dislike | Share | Posted: Wed, 07/13/2011 - 09:17 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest!

Welcome to forums!

As you haven't reaffirmed the mortgages with your lender, you are not personally liable for the loan. If you stop paying the loan, the lender will foreclose the property but he won't be able to come after you for the deficient balance resulting from the sale.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Wed, 07/07/2010 - 00:18 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Jesssic,
my husband is a VA with many problems, lung & throat cancer, kidney failure. we have a first & second loan, $140000 the other $22,000. He would like to move back home to Oregon. we are stuck in this home in Florida with no hope. Any suggestions. his time is passing fast! :!:

Like | Dislike | Share | Posted: Mon, 08/09/2010 - 15:35 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My home was paid off. Before I retired I got a HEL at 80% of the current value. The sum of 247,500.00. With this I bought a home out of state to retire in. Now the first home won,t sell and I have paid thousands to keep it on the market. I have been renting but my time on loan is running out. The home is now assed at only 168,000.00. What can I do.

Like | Dislike | Share | Posted: Tue, 12/14/2010 - 06:48 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i am currant on my mortgage with one bank but got behind on my [url=http://www.mortgagefit.com/home-equity.html]home equity loan[/url] from a second bank. now the second bank wants to forclose on the home equity, can i lose my home even if my mortgage is currant?

Like | Dislike | Share | Posted: Thu, 01/20/2011 - 07:28 | Post subject:

sara's picture
sara | Joined: July 5, 2006 03:16 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest,

The [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url] lender has the rights to foreclose the property in order to recover his dues. However, if the second lender forecloses the property, then he will be liable for paying off the first mortgage lender in full before satisfying his own dues. Thus, in most cases, the second lender does not foreclose the property. Rather, the second lender can charge off the mortgage and sell it off to a collection agency.

Take care

Like | Dislike | Share | Posted: Thu, 01/27/2011 - 02:24 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hello Jessica,

Question for you. Purchased a house with a buddy in Minnesota. One of us is on the 1st alone through Citi (80%) and the other on the 2nd alone through Chase(20%). What could happen if he stopped paying the 2nd with Chase? Could that effect me on the 1st? What kind of options do we have?
Thanks

Like | Dislike | Share | Posted: Tue, 05/04/2010 - 15:04 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi DEREK,

You need to contact your lender and clarify the whole matter. If the mortgage has been charged off by the lender, then it will have a negative affect on your credit report. You should ask your lender to remove the charge off status as you're paying the mortgage on a regular basis.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Sat, 09/25/2010 - 00:19 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have a second on my house what would happen if i pay the first but does not have enough for the second?

Like | Dislike | Share | Posted: Mon, 01/10/2011 - 23:37 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Yellowspider!

Welcome to forums!

Though the property was foreclosed, the second mortgage lender has the rights to come after your girlfriend in order to recover the equity line of credit. This loan was not satisfied at the time of foreclosure. So, your girlfriend should contact the lender and negotiate with them and try to settle the debt.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Mon, 08/08/2011 - 23:00 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My daughter and son in law cannot pay their mortgage. The home will probably be forclosed on. Can the lender withhold their interest statement for what they paid on the mortgage because they cannot pay any more?

Like | Dislike | Share | Posted: Tue, 01/26/2010 - 06:33 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My first mortgage sent me deeds to mobile home dismissed first mortgage, second mortgage in collections do I have to pay

Like | Dislike | Share | Posted: Wed, 08/06/2014 - 06:49 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

We filed chapter 7 in 08. We did not include our home in the bankruptcy.
They did however do a charge off on both the first and second. We are keeping our home but the 2nd mortgage takes its toll on us financially every month. We have not reaffirmed either the first or the second. We owe a great deal more than the house is worth. is there anyway to get rid of the second and keep our house?

Like | Dislike | Share | Posted: Sun, 04/11/2010 - 10:34 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Anna,

You'll have to call Wells Fargo, i.e. your second lender and check out the amount that you owe them. They will let you know whether or not they have charged off the loan.

Thanks

Like | Dislike | Share | Posted: Fri, 01/15/2010 - 23:21 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

what is the statute of limitation on your [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url]

Like | Dislike | Share | Posted: Sat, 02/20/2010 - 16:00 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

if i file bankrupt and my grandma is a cosinger what can happen to her she on social security. and never lived with me; what can i do also my house is way upside down.

Like | Dislike | Share | Posted: Sun, 10/24/2010 - 10:27 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Gibson,

After a foreclosure, the lender will have the rights to sue you for the deficient balance resulting from the sale of the property. If you cannot pay it off, then the lender can place a lien on your primary property.

Hi Ronnie,

If the second mortgage company has charged off the loan, then they do not hold your parents' mortgage account any longer. They can't foreclose the property. Your parents will have to deal with the collection agency. The collection agency can sue your parents if they do not pay off the dues.

Your parents can apply for a [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url] and sell off the property. They won't be liable for the deficient balance resulting from the sale of the property.

Thanks

Like | Dislike | Share | Posted: Tue, 05/18/2010 - 23:44 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Jessica,

I am paying on a home I purchased for $425k that is now worth about

$160k. I have a first and a second that I pay interest only on and I am

essentially a glorified renter. I have always made my payments on time

and have excellent credit. I have gotten no where with my mortgage

companies and now I need to get some objective legal / financial advice

on what my best course of action should be to walk away from this place.

Real estate agents want to short sale, modification specialists want to

argue with the mortgage companies, and bankruptcy lawyers want me to

[url=http://www.mortgagefit.com/bankruptcy.html]declare bankruptcy[/url]! Who do I trust? Who has knowledge in all of these

fields?

Like | Dislike | Share | Posted: Fri, 03/26/2010 - 07:48 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest!

Welcome to forums!

Well, though I'm not sure about UK real estate laws, you may apply to the court for the order for possession to be suspended.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Mon, 10/17/2011 - 22:58 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Had a 1st and 2nd with wells fargo. House was in forclosure and we sold our house and paid off first mortgage. We were told second mortgage would be "charged off". Now second mortgage has been turned over to foreclosure. Is there a way to get the lien removed and workout payment with mortgage company or can they foreclose? The new owners have a mortgage on the property also.

Like | Dislike | Share | Posted: Mon, 08/09/2010 - 20:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I am unemployed. I can't pay my 2nd mortage of $20,000. Should I file bankruptcy to get rid of it

Like | Dislike | Share | Posted: Mon, 09/13/2010 - 19:30 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Gabe,

It is easier to get a loan modification if you've already defaulted on your mortgage. However, if you deliberately stop the mortgage payments, the lender may not consider your request.

Like | Dislike | Share | Posted: Wed, 08/10/2011 - 23:13 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have a 1st and 2nd mortgage. The house is worth more than the first mortgage but less than both mortgages combined. $175k first, $150K second market value about $250k. Just lost my job and can't make 2nd mortgage payments. My wife works and can make the 1st mortgage. What are our options we are not delinquent on any payments (yet ) ? I'd rather not go BK.

Like | Dislike | Share | Posted: Sun, 03/07/2010 - 15:10 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi jensrealestate!

Welcome to forums!

You will have to pay off the second mortgage dues in full. It is not the responsibility of the first lender to pay off the dues of the second. The onus lies on the borrower to make sure that the second lender gets paid off. So, you should now negotiate with the second lender and pay off the dues.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Mon, 01/17/2011 - 21:49 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome alpha,

It will be completely the lender's discretion as to whether or not he will consider your offer. But there is no harm in asking. You should contact Chase and request them to settle the [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url].

Like | Dislike | Share | Posted: Sun, 02/24/2013 - 21:11 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have a home in California. I almost lost my home four years ago. My first mortgage modified the loan and the second refused to work with us and charged it off over 31/2 years ago. I have not made a payment on the second for 4 years. How does it work with the 2nd lien on my home. If the debt is no longer collectible does the second lien come off? Is the lien there forever and if I die or sell will I owe 2nd mortgage amount plus all back interest? Or can I get lien removed.

Like | Dislike | Share | Posted: Tue, 03/19/2013 - 12:23 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

delong, based on what i've seen in postings the last few weeks, i'd have to think that your second mortgage lender is more likely to send you to collections. now that might mean (ultimately) that there'll be a settlement for less than what you owe, but for now, that probably means the full balance.

snickle, the answer to that question is "no." is there a suspicion that this lender would be that crude?

Like | Dislike | Share | Posted: Tue, 01/26/2010 - 07:20 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

what if i have already file bakruptcy, and am in the process right now. i have not received the statements from the banks.. but i have faithfully been sending payments on the 1st, BUT have not payed the 2nd in 2 months.. is theis a breathing room i can pause and wait will they send me a sttement after bankruptcy is over telling how much i owe, so i can send a payment? or shud i try and send a payment now thru the proceesss, even if i dont know the amount?

Like | Dislike | Share | Posted: Tue, 12/14/2010 - 14:22 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi desperate,

If you don't want to keep the house and if you're already delinquent on your mortgage payments, then you can apply for a [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url] to get rid of the property. Moreover, you won't be liable for paying any deficient amount to the lender.

To sandywandy,

As you've already filed bankruptcy, there is an automatic stay against all your creditors and they cannot take any actions against you unless your bankruptcy filing has been discharged. You may stop paying the second mortgage dues for the time being.

Thanks

Like | Dislike | Share | Posted: Tue, 12/14/2010 - 20:21 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Dak,

Your query has been replied to in the given page:
http://www.mortgagefit.com/predeal/about39943.html

Take a look at it. Hope it helps you.

Thanks

Like | Dislike | Share | Posted: Sat, 06/19/2010 - 00:37 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

HI lenvilla,

If your bankruptcy filing has not yet been discharged, then you can convert it into Chapter 13. If you convert it into Chapter 13 and do not have equity in your property, then you'll be able to strip off your [url=http://www.mortgagefit.com/second-mortgage.html]second mortgage[/url]. As far as the first mortgage is concerned, you'll get a repayment plan to pay off the dues.

Like | Dislike | Share | Posted: Wed, 10/13/2010 - 00:22 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have first mortgage loan of $157,000 and HELOC of $107000. My house valus approx. 135,000. I am paying interest only on the second and will never be able to pay it off. I need an advise what to do to modify first loan and settle on the second.

Like | Dislike | Share | Posted: Thu, 03/04/2010 - 11:45 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I filed bankrupty chapter 7 last year, it was dicharged July 2009. I included my home as well, but kept making payments. My first is at GMAC 243K, which I have paid on time and just this month I ceased paying on my second at Golden One, my balance is 74,000 at 8%. My house is worth about 180-185 in today's market. I have tried to get a loan modification from Golden One but they will not budge, my house payment is 2500 mo, and I am tired of working two jobs to keep up with it, especially as the home values seem to be continually declining. What recourse does golden one have? Can they still foreclose? They cannot send me to collections as it was included in the BK.

Like | Dislike | Share | Posted: Mon, 09/06/2010 - 08:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have a first with Bank of america for 200k and a 2nd for 60k but my house is only worth about 180 to 200. I called BOA and they told me they couldnt settle or help on my second and only can do a short sale. I want to to keep the house if I continue to stop making payments on my second will I lose my house? My first is current.

Like | Dislike | Share | Posted: Wed, 03/30/2011 - 10:43 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Same situations. First I/o balance 20k more than FMV, second an addtl 40k.

Greentree states they will not do anything. Only after Loan Mod with first mortgage will they be in a position to offer a payoff of MINIMUM 80%

Like | Dislike | Share | Posted: Fri, 10/09/2009 - 12:37 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Sunny....your spellings! OMG!!! Why don't you use the spell check??? "Secodn ", "noramlly", "thign", "logicval" - Gosh! too bad. It changes the meaning of your answer and I don't think the poster would receive any help from your answer.

Like | Dislike | Share | Posted: Fri, 10/09/2009 - 20:49 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I stoppped making payments on my mortgage and also my second mortgage what can they do to me, its already in forecloser and I refuse to file bankrupcy, I also owed another house. What could happen just decided to stop like everyone else

Like | Dislike | Share | Posted: Sun, 06/26/2011 - 05:10 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I have a rental that used to be my primary home. It has been a rental for the last seven years. In 2006, I got an equity loan for $166,000. $80,000 of that loan from the same bank was used as a down payment on a different real estate purchase.
Within a few months of receiving the loans, I discovered both of these properties had drastically negative equity.
I have continued to pay the first mortgage,(which is the rental), and the bank tried to settle with me for $80,000 on the $166,000.
I cannot collect enough rent to pay both mortgages.
I had to let the other house go to 1099A.
What advice can you give?

Like | Dislike | Share | Posted: Wed, 02/03/2010 - 00:33 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hello I have a 1st & 2nd with the same company & I can't afford to pay the 2nd loan. what happens they just modified my first @ 31% of my income & not including my second. I haven't paid the second since march..

Like | Dislike | Share | Posted: Fri, 04/16/2010 - 09:23 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My 1st is about 190k my second is about 37k my homes value if I sold today probly around 270k-280k allthough its not impossible that the home would only sell for 230 or so. So whereas im not upsidedown but pretty close to even. PROBLEM income has decreased so much that I can not afford the extra 500 a month on the second, whereas I do pay my first which has a okay rate of 6.125 (stated income self employed) my second is @ 9.25 which is high. im only 2 months behind I was very ill an unable to work one whole month. They want me to become current and file a wavier however I want a modification and I have been told but others that in order to modify you have to be in a situation where we cant pay or havent paid. alltough I called them prior to not being able to pay and they pretty much blew me off. Now they call everyday, i dont answer because I CANT PAY.... what can they do? they have not sent letters only phone calls.

Like | Dislike | Share | Posted: Thu, 01/07/2010 - 15:18 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i have 1st 2nd ad 3rd my first 130000more the what my house is worth my 2nd is 84000 and my 3rd 35000 i stoped paying 2d and 3rd 6 months ago can they forclose my house

Like | Dislike | Share | Posted: Wed, 09/15/2010 - 22:19 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My house foreclosed almost a year ago. I owed 165 and the bank got 180 for the house at the sale. I had a second mortgage through a separate bank and the mortgage company never paid it off after they sold the house. Now the bank is suing me for the second mortgage loan amount. I had the loan with my ex husband and now he says he will file bankruptcy to avoid paying his half. What should I do now?

Like | Dislike | Share | Posted: Mon, 01/17/2011 - 11:13 | Post subject:

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