Loans, Debt & Credit - View Single Post

Jumbo101 · 10-12-2009, 07:22 PM

Aurora you say it would likely go to collections and then they would sue me. If this is like other accounts that go to collection cant you just wait it out? I thought it just stayed on your report and then was charged off.

If they sue and win I assume they can garnish you but I was under the impression that all they could get is the house. If they dont forclose how can they sue you?

Has anyone gone through this yet and been sued?

10-12-2009, 07:22 PM	#5 (permalink)
Jumbo101 Senior Member Join Date: Feb 2009 Posts: 61 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Strategic Default on 2nd Aurora you say it would likely go to collections and then they would sue me. If this is like other accounts that go to collection cant you just wait it out? I thought it just stayed on your report and then was charged off. If they sue and win I assume they can garnish you but I was under the impression that all they could get is the house. If they dont forclose how can they sue you? Has anyone gone through this yet and been sued?