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cactus77727 · 02-16-2009, 03:03 PM

This reminds me of the letters I received.
Walking Away in Arizona - My Journey
SEE POSTS #22 and #23

Remember I'm in Arizona, so the Notice of Default(NOD) I am discussing is NOT the same as an NOD in California.
However, for me the letters were just procedure spelled out in my loan docs. They had to give me a notice and time to cure, and warn me of intent to accelerate, and warn me they intended to foreclose.

What I wanted to point out to you KT in CA, they had very scary language in mine too. There was something about legal fees, and balanced due in full, etc... except there was also a line that read: "unless prohibited by law in your state" Which meant what they threaten to do, and what they actually can do are different.

My point is, you have to separate the threats from the real possibilities.

In your case KT aren't you walking, then if the second comes after you, you will declare bankruptcy?

02-16-2009, 03:03 PM	#9 (permalink)
cactus77727 Senior Member Join Date: Sep 2008 Location: Arizona Posts: 541 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Received a letter today This reminds me of the letters I received. Walking Away in Arizona - My Journey SEE POSTS #22 and #23 Remember I'm in Arizona, so the Notice of Default(NOD) I am discussing is NOT the same as an NOD in California. However, for me the letters were just procedure spelled out in my loan docs. They had to give me a notice and time to cure, and warn me of intent to accelerate, and warn me they intended to foreclose. What I wanted to point out to you KT in CA, they had very scary language in mine too. There was something about legal fees, and balanced due in full, etc... except there was also a line that read: "unless prohibited by law in your state" Which meant what they threaten to do, and what they actually can do are different. My point is, you have to separate the threats from the real possibilities. In your case KT aren't you walking, then if the second comes after you, you will declare bankruptcy?