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    HELOC - GreenPoint/GMAC

    Question: Can a servicer/Trustee foreclose on a defaulted HELOC after the loan maturity date/termination date? Detail: HELOC is 2nd mortgage Origination Date: 6/2006 Lender: GreenPoint Mortgage Funding (MERS) Maturity Date: 7/2021 Last Payment: 6/2010 SOL in my State: 6 years Primary...
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    Statute of Limitations Question

    WA State = 6 years for contracts SOL. I am past that; however, I have read conflicting information. Some say that the clock starts ticking on the last payment, and some say the clock starts ticking at the Maturity date of the loan (since it is an installment loan) My maturity date of the...
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    Success in Settling 2nds-cont'd

    Whoa. Wow. Whoa. Congrats!!! Whoooop! I think I am going To use you as my inspiration! Thanks for posting!!!!!
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    Statute of Limitations Question

    I didn't include all of the information in the original post....(it may/may not be helpful.) Property located in Seattle, Washington Primary Residence Last Payment to GMAC/GreenPoint - July 2010 (2nd HELOC - not purchase money mortgage) Charged off by GMAC in 2011 (Just prior to them filing...
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    Statute of Limitations Question

    Property located in Seattle, Washington Last Payment to GMAC/GreenPoint - July 2010 Charged off by GMAC in 2011 Current Servicer: Ocwen (NCI credit letter) Charged off again by Ocwen (per a letter) in 2016 - not sure how they can do that? Goal: Settle, or Quiet Title - essentially trying to...
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    Ocwen & National Credit Inc. - 2nd Mortgage Help Please

    I have some new information, and I would like your feedback/input. Summary – 1st Mortgage Modified (after 5 years of fighting) with BOA – HAMP 2nd Mortgage – stopped paying in July 2010 – originally with GMAC/ now Ocwen. GMAC charged off in January 2011, after last payment was received...
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    Ocwen & National Credit Inc. - 2nd Mortgage Help Please

    Moe, This forum has been a lifesaver! Many thanks! OK, I will wait until July to reach out to Ocwen, and I definitely WON'T make any payments because you're right, it restarts the clock as you said. I will let National Credit Inc. know in writing to not contact me again. Moe, since I have...
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    Ocwen & National Credit Inc. - 2nd Mortgage Help Please

    First and foremost, I have been using these forums since 2009, and they have been INCREDIBILY invaluable! I saved our primary residence with a HAMP mod, and received a loan mod on a rental property thanks to these forums. I could not have done it without everyone’s assistance. I have posted my...
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    Boa Doj $16 Billion Settlement - Post Your Comments

    Would love to give you my CRM, but both her and her manager just go "let go." My new single point of contact is getting up to speed with my file and is checking on the availability of the DOJ settlement. She thought I needed a "change in circumstances" to apply, but I pushed back and she is...
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    Charged Off Loans

    I have a GMAC 2nd in which I stopped paying July 2010. Charged off Jan 2011. They sent a letter to settle for .20/dollar. We didn't have the cash. Fast forward, GMAC files BK. ocwen has our loan. We have only received one piece of correspondence from Ocwen. No statements since end of...
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    Charged Off Loans

    Moe, The debt may fall off, but the lien will stay in place, right???
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    Need Advice On 2nd -- "in The Money"?

    https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/mhacompensationmatrix110314.pdf This may be helpful, as well.
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    Need Advice On 2nd -- "in The Money"?

    I am not sure it matters if it was charged off, in regards to qualifying for HAMP/ 2 MP. I am in a very similar situation, and stopped paying GMAC 2nd in July 2010 and it got charged off in Jan 2011. gMAC file BK and Ocwen services the loan now. I Have never heard a peep from anyone after...
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    Boa Doj $16 Billion Settlement - Post Your Comments

    Yes, I received a letter dated October 10, 2014. According to my OOP CRM who I am currently working with for a mod on my first, Oct. 10th was the first round of letters going out to pre-qualified borrowers. She said since my information was already completed and in the system that I didn't...
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    Bait And Switch Modification

    Yes. 3 Trial mod payments made roughly @ $4k. Received perm doc's and payment was creased to $5200 with no explanation -- just told to sign. (No change due to tax, ins, escrow items). Just an increase w/o explanation and told "sign it or lose it." Fought 'em and wrote to OOP, CFPB, AG...
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    Stopped paying CC's looking for advice.

    I too am going on 4 years. I don't have a phone they can reach me on and I have never spoke to a rep from any of the. They have all charged off and Chase sent me a 1099 in 2013. All of them have changed collection companies and some are VERY tenacious (calling my brother in law at work -- I...
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    Boa Doj $16 Billion Settlement - Post Your Comments

    The CRM I am currently working with from OOP told me that the Imvestor will contact the borrower directly "if you qualify." Now, how does that mKe sense? Also, she said that if I get a loan mod before the investor reaches out, I would not be eligible if I accepted the forst mod. What...
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    Boa Doj $16 Billion Settlement - Post Your Comments

    I thought it would be helpful for us to share any information we receive from BOA regarding this recent settlement. I found this link on their website: http://homeloanhelp.bankofamerica.com/en/doj-settlement.html I am currently working with BOA to get a loan mod, and my original loan was...
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    TRYING TO MODIFY? WE WANT YOUR OPINION: What matters more? Who owns your loan or getting an affordab

    krafty.....I hear you....I really do, since I have had 4 years to contemplate my own situation in regards to the points you have provided. But, what are our options then? Buy an RV and roam about freely Rent/move in with family Pay cash for a home- not where I live with RE being so high ...