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  1. K

    21st Mortgage Corp, anyone?

    Hi Eric. I apologize, I didn’t see your response when I originally posted. No, it’s not a manufactured home. It’s in a nice little beach neighborhood. GMAC sold a bunch of loans after their bankruptcy (I believe), and 21st bought thousands of them. The short sale is a no go. We received a...
  2. K

    21st Mortgage Corp, anyone?

    Reviving a dead thread. Well, our original 112k second is now 200k due to fees/interest. 21st is perfectly content just sitting on the loan while fees accrue. We have finally decided we can no longer live in limbo, and the house is listed on MLS. It will be a short sale, and our fingers are...
  3. K

    21st Mortgage Corp, anyone?

    Thanks Eric. Yes, I haven't heard good things at all. It's my understanding that the amount they expect to receive as a second lien holder is insane. We are so frustrated. I still have the first settlement offer letter from GMAC (asking 33k) and we were so glad things were headed in that...
  4. K

    21st Mortgage Corp, anyone?

    Same here. Our last payment was March 2012. I received one phone call, as well as an email, in January, but other than that only notices of default. At this point we are considering attempting a short sale. It doesn't appear, based on the little bit of research I've done, that a short sale...
  5. K

    21st Mortgage Corp, anyone?

    Same stuff, different month. We have continued to have no contact with 21st, and no longer receive the NOD letters on a monthly basis. We also are not receiving any phone calls. I'd love to get this behind us, settle it, and move on, but the best we can do is be patient. I honestly don't...
  6. K

    21st Mortgage Corp, anyone?

    Hello all! It's been three years since our last payment on our second and nothing has changed. The daily calls from 21st were getting annoying, so I blocked their number on my cell. We live in Texas now and are renting out our Florida house. We've received monthly letters from 21st letting...
  7. K

    21st Mortgage Corp, anyone?

    Hi avoid. It's been about 26 months since our last payment to GMAC. Within the past few months we've gotten a few calls from 21st, all with the same generic "call us" script. We are just waiting, too. It really stinks, because the last letter we received from GMAC was an offer to settle for...
  8. K

    21st Mortgage Corp, anyone?

    So our GMAC second mortgage was sold to 21st Mortgage Corp, a Knoxville based company. We have had no contact with them, and have since moved from Florida to Texas. We were able to get a mod on our first mortgage with is so helpful so we are just waiting to see what will happen with the...
  9. K

    New streamlined fannie mae and freddie mac modification updates - no hardship docs, no income docs?

    We are relieved, BofA. It took us completely by surprise. I'm hoping we can settle our second mortgage at some point so that this whole process will be behind us, but until then we risk a lawsuit from our lender. I wish you the best in getting a mod! Hopefully BOA will not keep dragging it out.
  10. K

    New streamlined fannie mae and freddie mac modification updates - no hardship docs, no income docs?

    Just an update on our situation for anyone who may be researching the no-doc mods. Trial mod is done! Payment went from $1710 to $1057 with 4% interest. Just paid our first non trial payment on Nov 1. Unfortunately we still have an underwater second mortgage that is looming over our...
  11. K

    New streamlined fannie mae and freddie mac modification updates - no hardship docs, no income docs?

    Hi! Yes, we do have two mortgages - this modification is only for our first mortgage, backed by Seterus. Any rental income will only cover this mortgage. The interest rate prior to this offer was 7.1% We requested HAMP in the latter part of last year and were denied. Our second mortgage is...
  12. K

    Well, here we go....AMEX served me!

    Hello! I ended up settling the accounts for about 33% of the balance. I worked with the associate at the law firm, told him what I could do, and he communicated with AMEX. The number I gave him initially was a little less than 30% and they requested a bit more, so I agreed. I settled in one...
  13. K

    New streamlined fannie mae and freddie mac modification updates - no hardship docs, no income docs?

    Hello all. 2 weeks ago we received a Fedex with the streamlined no-doc modification offer (trial payments). Seterus holds our mortgage, it is over 90 days past due and we meet all the requirements. I almost feel like this whole thing is too good to be true. Our original payment was $1730 and...
  14. K

    After Modifying Our First, Second Way Underwater...And We Might Move Out-of-State

    Hi! Our situation is very similar to yours. Our property is in Florida and we are moving to Texas. We are thinking of renting out our home only to cover the first mortgage (haven't paid second in 18mos and it is with 21st Mortgage Corp.) I'm trying to figure out if I should even notify the...
  15. K

    Second mortgage on soon to be rental

    Thanks Evan! I realized as I was looking at my original post I left out why I was worried about my second being able to demand my tenants pay them - there is an assignment of rents clause in my mortgage documents which I can not find in my first mortgage documents. We are not going to be...
  16. K

    Second mortgage on soon to be rental

    Hello! I'm not sure if this is the correct forum to post my question, so if not I'm sorry and let me know which board may be better. We own a home here in Florida - first mtg. with Seterus approx. 200K and second mtg. 112K. We have not paid our second mtg in 18 months - initially we were...
  17. K

    Well, here we go....AMEX served me!

    So I received a summons from a lawyer representing AMEX. I have two cards with them that I have not paid since late May. We've been going through a lot financially and those were the two cards I kept pushing under the rug and not dealing with (stupid decision, I know but don't judge, please!)...
  18. K

    GMAC Perm.Loan Mod approved!!!!

    Thank you, Cat. I did read that prior to posting. She did not state how far behind she was with GMAC before sending her settlement offer letter, just her overall timeline.
  19. K

    GMAC Perm.Loan Mod approved!!!!

    Amy - don't know if you still get on this site now that you've finally permanently worked out your liens. My question for you is how long did you wait before sending your settlement offer letter to GMAC? We have not paid since Feb. and I have my settlement offer letter drafted and ready to go...
  20. K

    1st BOA, 2nd GMAC in Florida

    We're about to send in a settlement offer to GMAC. Haven't paid since February. We'll see what happens - have the worked with you at all?