I’m checking back in after about 8 months.
A little quick info:
Condo in FL, residence in TN, short sale in July 2009 on condo, first mortgage and 2nd mortgage, both were originally Washington Mutual from 2006, then they were both Chase after buyout, they were Chase when short sale occurred July 2009.
There were 2 Satisfaction of Mortgage documents recorded in FL, after short sale. The wording for the 2nd is the same as the first and is as follows:
"Hereby Acknowledges full payment and satisfaction of said Note and Mortgage Deed and surrenders the same as cancelled, and hereby directs the Clerk of said Circuit Court to cancel the same of record."
At last posting, we had started getting calls from a collector. We received a few letters with offers to settle the original $25K 2nd mortgage loan for 25K, then 19K. After coming on here we stopped answering the phone or having contact with them. We eventually received letters with a different collection agency's name on them. On Sept 8, we received a letter from Chase saying that a collection agency they had hired went out of business and possibly compromised our information.
A month or two later another collector called and said they wanted to settle for $12,000. I told her we had a “paper” that said we do not owe the money. She wanted me to send it to her. I told her I had already provided it and she should look in the file. She said they didn’t have a file. This is when I came here and stopped answering calls.
We recently received a settlement offer from Chase for $3,800 (15%) in the mail.
Our short sale closing papers DO state they have the right to come after us for the 2nd. We do have the document “Satisfaction of Mortgage” for the 2nd.
We called and offered $2,000, while stating we did not owe the loan, but wanted to move on.
Is there a way to negotiate a credit provision with the settlement?
Is the “Satisfaction of Mortgage” worded above, just a waste of paper, like I have read on the internet? Due to the the closing letter stating they can come after us for the second.
Any help would be appreciated.