question about Debt forgiveness and Quality Loan Service

[thisishard]

I began my walk from my CA home Nov 1st 2011 and as I understand it, the Auction takes place July 31st 2012.
(While I did not take any money out, I did refi for a lower rate in Feb '09 so my loan is recourse.)

Assuming the auction does take place on the 31st or sometime this year, will the Debt Forgiveness Act relieve me of tax obligations only if the home is bought by a buyer?? What if no one buys it and the home becomes "bank owned"? what becomes of the debt then?? I really want to know what it takes to be off the hook from possible tax debts after the auction is done.

I also have a question about Quality Loan Service, which is the company that placed the notice on my home and mailed me the auction date info.

They said since the auctions can change, to call/register on their site to find out if the auction has been cancelled or postponed. It asks a lot of info such as phone numbers and e mails. I do not think I want them to have all that info.
Am I being paranoid?? If not, any suggestions of how I might find out about the date of auction without giving up my info??

Thank you,
thisishard

[Evan Bedard]

They said since the auctions can change, to call/register on their site to find out if the auction has been cancelled or postponed. It asks a lot of info such as phone numbers and e mails. I do not think I want them to have all that info.
Am I being paranoid?? If not, any suggestions of how I might find out about the date of auction without giving up my info??

Hello Thisishard,

Whether your home is sold to a new buyer or transferred back to the lender at the auction you will still be protected by the debt forgiveness act. This act does not only assist those who homes were bought at auction by an investor.. You really do not have to give them any of your contact information and you can confirm when the auction has went through either by contacting Wells Fargo or check your local county recorders website/office..

[thisishard]

Hello Thisishard,

Whether your home is sold to a new buyer or transferred back to the lender at the auction you will still be protected by the debt forgiveness act. This act does not only assist those who homes were bought at auction by an investor.. You really do not have to give them any of your contact information and you can confirm when the auction has went through either by contacting Wells Fargo or check your local county recorders website/office..

Thank you so very much for responding. This forum has been incredibly helpful during a very stressful time! As hard as this all has been, the fact that I will be covered completely for Debt Forgiveness (if the auction goes though as planned) will be a tremendous relief.

I also will not fill out the information by Quality Loan Service. Asking way too much info! I will contact the County, or even WF first as you have suggested.

Again, my thanks,
thisishard

[Quality Loan]

Dear “Thisishard”,

My name is Ashley and I am an employee of Quality Loan Service Corporation. If you do not feel comfortable providing your information to login to our website, you may call our office or the sales line and provide your Trustee’s Sale number to obtain information on your sale date. The phone numbers and your Trustee’s Sale number are provided on the notice you received.

[Evan Bedard]

Hello Ashely,

Thank you very much for joining the forum to help assist members here it is greatly appreciated! Quality Loan Services is definitely a legitimate company and it is good to know that you can verify information about the trustees sale over the phone as well.

Thanks again!