Personal loans are great means for meeting immediate financial expenses. Learn about the va loan program va loans and va arm loans for veterans. Three and a half years have passed, and we either want to refinance our home or leave it and buy another house.

Please get in touch with a foreclosure defense attorney located in your has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing area for state-specific advice on dealing with this situation. Regarding the DOJ settlement, I’m not aware of has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing any aspect of it that would explain this scenario. I live in Arizona (a non recourse state) I owe 154,000 on 1st mortgage through Wells Fargo. My husband is a physician employed in california but travels weekly to our home in az where our family resides.

Yes, they have the legal right to foreclose, but will probably not do so if there is no equity to be recovered. So it can be a frustrating exercise to get any has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing sort of relief from this particular bank. After a few months, on their website on my account, the equity showed a $0-zero balance. It’s certainly worth a conversation with them, but they will require a full set of financials, and if you otherwise have the means to continue paying on the HELOC, they are unlikely to take the hit just because the note is upside down. Second issue, we also had a 20% Second at the time we moved out.

If your Zillow value is still under what you owe on the first, then a settlement approach might make sense. I just wanted to know if you have any advice on how to proceed with a second mortgage settlement. I assume they own the debt, but think it would be easier to deal with Wells Fargo instead if possible.

A significant amount of the soon to be settled HELOC was money used on improvements to the property. Don’t qualify for HAMP, was considering a short sale, but have been recently offered a Fannie Mae loan modification. How do we now negotiate with them at this point. The bank just notified me that my loan has been written off but the lien will remain on my house. Do I need to wait to approach them until an offer is made on my house.

As long as your HELOC settlement was properly documented, there should be no need to apply under 2MP — the settlement itself should have extinguished the lien and fully resolved any deficiency on the note balance. There is no guarantee of a settlement in this situation, but it may still be possible to work out a deal. What do you think our chances are of getting approved for a mod. I have not made a payment in over a 2+ years. I would be glad to discuss the matter in more depth with you. Please see my blog post on the subject of charge-off for further information.

I don’t want to do that given I lost 3k to firm promising to negotiate for me about two years ago. We were moving due to my workplace causing my to get sick and I was selected for a promotion out of area. The exception would be a short sale situation. I heard someone who recently got their 2nd mortgage lowered by 20,000 after they had an offer on their home.

If your loan is not eligible, then you would need to rely on the standard insolvency exemption. Both the loans are with Wells Fargo, not sure how I can handle my second mortgage has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing situation when ARM period ends and not enough equity could be accumulated. You should discuss the purchase-money nature of the loan with has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing the realtor assisting you with the short sale negotiation. They can only go after the property via the attached lien under those conditions, which they won’t do when there is nothing to recover.

Finish your booking by entering hotel penang official website auto processing credit card your credit card details. Payday loans companies online find a payday loan on friday the how to get. Is it possible to settle a HELOC after a foreclosure sale has taken place. It depends on the history of the loan (recourse vs. S Thomas, sorry to hear about your situation. Talk with your foreclosure defense attorney about how long things can be delayed with the second lender.

settlement statement and servicing statements, payment or acceptance of. But I also wonder how the short sale was even approved if the second lender did not agree to it and didn’t insist on a promissory note for the difference between what they received after sale and what you owed on the balance. I have lost a lot of equity on this house.

So the first mortgage is probably a moot point now. I would like to settle with BOA since it is an interest only loan and i can’t get ahead. I would need additional information to make a recommendation though. We purchased it for $480,000, paid $50,000 did the renovations plus put all our money in it. Private money lenders at dohardmoney com are ready to fund your deals fast.

Should I expect a 1099-C for the outstanding balance between sale price and amount owed. It all depends on the relative values between the notes and the current market value of the property. We both have excellent credit and has anyone been allowed to make payments on a settlement instead of a lump sum to ocwen loan servicing not one late strike against us. Most of the time, the homeowner is pursuing a loan modification on the first while trying to settle the second.

We have more hardship conditions now than we did when we applied for HAMP , what would be our best option. My plan is that once the deal closes, I can then work with the 2nd and try to negotiate and offer a reduced one-time payoff with a release of the deficiency, and have them file a 1099C in this year for the forgiven debt amount. I immediately wrote GT and told them not to call me only write.

Is this realistic with 1 month until auction.