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  1. W

    Trying to Settle 2nd with SLS

    I can see in my online account with SLS that they are getting property reports for the last 3 months. They have them listed as appraisal reports but there is nothing about price in them just some photos and acknowledging the outside isnt destroyed. I am willing to settle this thing for the...
  2. W

    Trying to Settle 2nd with SLS

    I dont think the SOL starts running until the loan is actually accelerated. At least based on the case law I have seen. So 10 years from acceleration which hasn't occurred yet.
  3. W

    Trying to Settle 2nd with SLS

    From what I'm reading about NC, they (the second) can foreclose and sell the secind lien and then that buyer can force me out. I'm trying to read actual caselaw from NC on this but as you can imagine there isnt a lot that I can find.
  4. W

    Trying to Settle 2nd with SLS

    In my research, can they not just foreclose and sell the second position and then person who buys it has to deal with the 1st lien and SLS get their principal back?
  5. W

    Trying to Settle 2nd with SLS

    Well they have not accelerated thendebr as far as I know so hasn't the SOL not started? The house is in NC but I live in Florida currently I wasn't planning on refinancing but could to get the principal amount to settle second.
  6. W

    Trying to Settle 2nd with SLS

    A question. This second is almost 10 years late. However it doesnt show on credit report at all. Will I be able to refinance the 1st and offer them a larger settlement from this? Obviously would be waiting to do the refi until I get a written approval from them and do a kind of refi, short sale.
  7. W

    Trying to Settle 2nd with SLS

    So is there any reason not to send them the statement showing my balance? I will obviously black out my loan number but any reason that this would hurt me further? I just want them to negotiate something. I cant imagine they wont come off the full balance not even a dollar. But if so, i will...
  8. W

    Trying to Settle 2nd with SLS

    But they are not really willing to discuss anything. I'm curious what my best path is? Give the 1st payoff and the financial docs they are requesting? They will show that I could pay the second if I wanted. Short of paying off the second which currently they are unwilling to budge from full...
  9. W

    Trying to Settle 2nd with SLS

    Why are they asking me for it? They can pull my credit and the current balance due is the exact balance listed on the credit report. They can pull my credit as an AR correct? Why does it matter to them that I send a statement, that they want it so bad and refuse to send my offer up the chain...
  10. W

    Trying to Settle 2nd with SLS

    They are taking a hard line on this. They are unwilling to send my settlement offer of $10k (on 30kish principal and 6ish total with interest) to the next department. They are threatening foreclosure. They want me to send in 1st mortgage payoff information or they refuse to send the offer to...
  11. W

    Trying to Settle 2nd with SLS

    This is my situation. 1st Mortgage (rushmore servicing, no idea owner) $145,000 2nd Mortgage ( SLS Servincing, Deutsche Owned) $ 39,000 (original principal) Zillow says worth $247,000 1st mortgage is spotless. Haven't paid second in over 8 or 9 years. I couldn't tell you exactly because it...
  12. W

    Advice on settling second mortgage with SLS

    Im in a similar boat. 1st Mortgage (rushmore servicing) $145,000 2nd Mortgage ( SLS Servincing) $ 39,000 (original principal) Zillow says worth $247,000 Never missed 1st. Havent paid second in over 8 or 9 years. I couldn't tell you exactly because it has fallen off of our reports...
  13. W

    Approved for Trial Mod and shouldn't be ??

    My loan is with Residential Credit Solutions. Was 1st Franklin, then BOA, now RCS. Balance - $145,xxx.xx Original Payment - $1249.xx (Payment plus Escrow) 1st Missed Payment - 06/01/2011 Applied for HAMP 12/1/2011 Approved for Trial Mod 12/19/2011 1st Payment 2/1/2012 2nd Payment 3/1/2012 3rd...
  14. W

    The HAMPster Wheel Game

    Is there somewhere I can research these "potential" violations to know what to call them out on?
  15. W

    The HAMPster Wheel Game

    To be honest, I don't know what this most recent statement is. It was served and sent certified mail. It is from the SUPERIOR COURT in MECKLENBURG COUNTY (Charlotte). The heading in bold states "NOTICE OF HEARING ON FORECLOSURE OF DEED OF TRUST". It has several bullet points. #5 states "The...
  16. W

    The HAMPster Wheel Game

    Here are my details: STATE: North Carolina (Charlotte) NOTE HOLDER: Residential Credit Solutions (Originally First Franklin/NationPoint 2005) 1st MISSED: July 1, 2011 NOI: Must cure by Sep 21, 2011 NTS: Filed 10/18/2011 Sale date of 1/12/2012 Reinstatement amount is $5,xxx Our 1st mortgage...