Loan Modification Forum - LoanSafe.org - View Single Post

seijimo · 06-12-2009, 01:50 PM

NeedHelpwCW....thanks for your reply. Great story.

So can you share some numbers regarding:

1) Home Value
2) 1st mtg balance
3) HELOC balance
4) Final Settlement Price (did they agree to only $0.10 on the dollar)?

Any tips or mistakes or pitfalls you would recommend we follow, avoid, etc?

Hope you get your lien release shortly so you can stop waiting anxiously!!!

P.S. In case you can help further, my situation is:

Home Value $280,000 - $300,000

1st mtg (5/1 ARM with one year left before adjusting) is $200,000.

HELOC is $100,000.

So not sure if CW/BofA will want to settle for only $0.10 on the dollar, but I can try to use the same language I used in my credit card settlement and hope that it'll work here too.

06-12-2009, 01:50 PM	#11 (permalink)
seijimo Junior Member Join Date: Jun 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: CW/BofA Settling HELOCs and 2nds???? NeedHelpwCW....thanks for your reply. Great story. So can you share some numbers regarding: 1) Home Value 2) 1st mtg balance 3) HELOC balance 4) Final Settlement Price (did they agree to only $0.10 on the dollar)? Any tips or mistakes or pitfalls you would recommend we follow, avoid, etc? Hope you get your lien release shortly so you can stop waiting anxiously!!! P.S. In case you can help further, my situation is: Home Value $280,000 - $300,000 1st mtg (5/1 ARM with one year left before adjusting) is $200,000. HELOC is $100,000. So not sure if CW/BofA will want to settle for only $0.10 on the dollar, but I can try to use the same language I used in my credit card settlement and hope that it'll work here too.