Quote:
Originally Posted by Poppy  Welcome to the forum and thank you for joining.... |
Thank you.
Quote:
|
I am sorry but the answer you need is from an attorney, the situation that you are in is something that requires legal analysis. You need to if not but for 2 hours consultation retain and attorney and determine your options. We are unable to provide legal advice in this forum.
|
Yes, I understand that you can not provide legal advice and I will speak with an attorney. However I was hoping to hear from others that may have dealt with Chase and learn of their experiences. I truely believe that Chase can go after me for the full amount of default, get a judgement, and then collect. In this regard, settling for 15% is a bargain. However will Chase spend the time and money for that amount? Or will Chase settle for even less? I know no one knows what Chase will do regarding me but past history is usually a good indicator of what will happen in the future. This is why I am soliciting reponses from others that may have been in a similar situation as I with Chase.
Quote:
|
We can assist in the information for the California Foreclosure rules by posting them for you which I will do below, however interpreting them as to how they will impact you in your situation is something an attorney would have advise you on. As to whether or not Chase is bluffing, well they know that you used the HELOC for something very large in one fell swoop and they are probably not all that thrilled. So as to whether or not they are bluffing....this is a game of who blinks first. Chase is very good at that game.
|
Yes and I suspect they are much better than I. This is probably why they made the offer on Friday, Feb.22 and then gave me a deadline of Monday, Feb 25 to accept or they will proceed with further action. Thus I have a very small amount of time in which to get the advice of an attorney. I will probably settle just to have the matter behind me.
Thanks,
Ima