Hello Tom, hopefully this is the correct forum to post
This is my current situation;
Original Loan Amount : $480,000
First Loan (SPS): $335,000
Second Loan (BOA): $65,000
Total Balance: $400,000
My first Loan has always been current. The second loan was with Bank of America but I stop sending payments around September 2012. So I received a letter ‘Notice of intent to foreclose”. After three months, I received a letter from BOA stating that the loan was transferred to Green Tree, and that I had to start sending my payments to them.
I am following the strategy on how to settle your second loan. I have been in this process for almost a year, but I have checked on Zillow and my house is now worth 412K, so this means that my loan is not underwater.
What options do I have, I want to keep the house and I have not heard from green tree to settle .
I am in California.