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    Thinking about buying. Do we have a realistic chance?

    In June of 2017 had a negative situation on mortgage as follows: 1st Mortgage Principal Balance - 119,000, Did not make eight payments in a row. Monthly Payment $949. $3,000 late interest due. 2nd HELOC: Principal Balance 155,000, Did not make 36 payments in a row. Monthly Payment $1343...
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    Looking at Buying Again - FICO Score

    My credit score for the years 1980 through 2014 ran at the 800+- level. Also bought and sold two houses during this period. In 2014 ran into a few financial issues not able to pay my second mortgage for 39 months. My FICO score collapsed and went to 617 Sold the house. Paid bank off in full...
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    How long till credit score

    Had financial difficulties. Kept all bills current except HELOC and lst. HELOC had 39 delinquent payment and the 1st had 9. The HELOC was with Bank of America who owned the paper and the 1st was with Bank of America who was servicing the loan for FANNIE MAE. The HELOC filed notice of...
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    B Of A Departments

    I have some correspondence from BOFA and been assigned a relationship manager from the home loan team. Am delinquent on my HELOC. The home loan team provides four basic options. Foreclosure, Deed in Leiu, short sale, and loan mod. They will not even talk to you unless you agree to send...
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    Notice Of Default

    Have not been able to pay pay second for 26 months. First is Current. Today received a notice of Default in the mail. Came with a Declaration on CA Civil Code 2923.55 stating. 1. Left voice mail with number for me to contact - True. Many times. I did answer this several times and the...
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    Debt Validation Notice

    B OF A First $125,000 and Current 970 per month P and I B of A HELOC: No payment for 24 months. Payment is 1350 per month Taxes and Insurance current I have not been in contact with the bank. They have periodically left messages for me to call them and I have not returned the...
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    What Happens If First Forecloses And The Holder Of Second Pays Off First?

    Home Value 245,000 Live in California First = 124,000, 13 1/2 years left on a 15 year mortgage. Non Recourse. Mortgage is Current First installment of property taxes Second is a HELOC = 158,000 principal, plus $26,000 in payments not made for the past 20 months.(approx 14,000 is...
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    Delinquent Taxes

    What are my options if B of A threatens to increase my payment by adding an escrow account to pay for Delinquent Taxes?
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    Bank Action?

    Home Value $265,000 Location - California 1st $126,000 and Current 3.75 percent fixed HELOC $150,000. No payments past 15 months. $23,000 total late ($10,000 principle and $13,000 interest) 3.75 percent variable. Currently by making payment on the first, Principal is being reduced at a...
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    B Of A Heloc Questions

    Zillow values my home at 300,000. If I were to sale would be lucky to go for 240,000 as it need major maintaince and updates in the form of paint , carpet, kitchen appliances. First with BofA is now serviced by BofA as they sold to fanny mae = 133,000, payment is current. Second is HELOC with...