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  1. W

    Trying to Settle 2nd with SLS

    True, but Zillow's numbers aren't always accurate. A house only sells for what someone is willing to pay, some in my area have Zillow Zestimates $75-100K higher than what they sell at. Curious if anyone knows how the SLS's, FCI's, etc. get their baseline values from?
  2. W

    Trying to Settle 2nd with SLS

    They have a Schedule of Fee's section on their website that lists a ton of things, one being Settlement, not sure what's going to happen but find it strange that Statebridge would give up my loan so quickly...
  3. W

    Trying to Settle 2nd with SLS

    I was working with Statebridge about a settlement, sent some docs (no financials) and decided to call to follow up. Really nice people, no attitudes, etc. but very unorganized. I can't get an answer about a settlement however I was told that my loan is being sold again to FCI Loan Servicing. WTF...
  4. W

    Trying to Settle 2nd with SLS

    I just received a letter from SLS stating they are transferring my loan to Statebridge Company LLC, anyone else get such a letter or know anything about Statebridge?
  5. W

    Trying to Settle 2nd with SLS

    Or don't call at all, send your settlement offer via snail mail requesting they do the same for future correspondence.
  6. W

    Select Portfolio Services Filing Notice of Defaults on Charged Off Liens!

    Thanks, Erik, no apologies necessary! I"m still trying to settle with SLS with no progress to date...
  7. W

    Select Portfolio Services Filing Notice of Defaults on Charged Off Liens!

    Hi Erik, Is "Select Portfolio Services (SLS)" one and the same as Specialized Loan Services?
  8. W

    Eliminating 2nd mortgage that has been charged off for over 9 years

    Hi Erik, I want to make sure I'm following. The second lien must be charged off for 4 years minimum to try and settle or? Sorry if I'm mistaken, also, can and will the 2nd stop you from trying to sell? What would they gain in doing so? I'm thinking of selling and would have enough to pay them...
  9. W

    Trying to Settle 2nd with SLS

    I haven't heard a word since Jan. '18 then today received two of the same old letter to discuss loss mitigation options, identical letters. Thinking about copying the letter with a settlement offer, I will politely remind them of my current situation, that I will not provide financials, might...
  10. W

    Trying to Settle 2nd with SLS

    Custom, what is the DIL you refer to on your first? Not knowing what that means are you current on your first or are you defaulting on that one as well as your second/SLS?
  11. W

    Trying to Settle 2nd with SLS

    Very cool Rillion, thanks for the insight and posts, good luck!
  12. W

    Trying to Settle 2nd with SLS

    Exactly what I thought, he's not settling anything but paying off whatever amount has been agreed upon via a short sale.
  13. W

    Trying to Settle 2nd with SLS

    I will let you know..
  14. W

    Trying to Settle 2nd with SLS

    Hey Frustrated, I just received the same letter encouraging me to contact them to discuss possible loss mitigation options. They list 5 bullet points of options and 4 contact options, Mail, Fax, Email and Web. I'm going to copy this letter and send it in with an offer to settle and see what happens.
  15. W

    Trying to Settle 2nd with SLS

    I completely understand. I'm contemplating writing SLS and initiating a settlement just to see what happens. I would really like to be done with them...
  16. W

    Trying to Settle 2nd with SLS

    Sounds to me that they're reaching out to mitigate their loss. From what I understand for a 2nd to foreclose they would have to pay off your first, plus the costs of the foreclosure only to recoup what they are owed? In my case that would mean they're spending $300K plus to recoup $75K, doesn't...
  17. W

    SLS Second Mortgage Settlement-Financial information-Need advice

    Sorry to hear this Jackie, are you referring to someone at SLS? Sorry for the stupid question but the correspondence I've received is from Colorado not Cali...
  18. W

    Trying to Settle 2nd with SLS

    Good point about holding your ground, SLS used to call me at 10:00 and 2:00 two, three times a week, sent the CD letter politely asking that any and all correspondence related to settling be sent via snail mail and the phone hasn't rang since. Why bother speaking with a collection agent when...
  19. W

    Trying to Settle 2nd with SLS

    I don't want to deal with annoying phone calls, the letter works exactly like it should. If SLS wants to settle it's not going to be done over the phone, they will need to send me an offer and I'll counter. Just like what happened when they sent me a re-fi offer that was a joke, I sent the...
  20. W

    Trying to Settle 2nd with SLS

    Hi Frustrated in Cali, I'm staying patient and will wait this out while staying current on my first. The market here in SE Wisconsin isn't that great, I'm seeing comparable homes selling for less that what I would need to break even paying off my first and SLS. If the numbers still hold true of...