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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    What county and state are you in?
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    faroff, you should go to your State or County online system showing deeds and liens. There you can see if there are any liens on your home. If not, physically go to the court house and ask if there are any liens on your property. No need to pay hundreds of dollars to an attorney, unless you find...
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    I would check my property’s worth and determine if the property is underwater. I’m sure you already know by now. They’ll want to know why now at this time you want to settle. They want to know so they can exploit that for their good and to squeeze more out of you. So, if you just want to get rid...
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    JZONE, I was able to settle this debt for $7999. Finally the lien will be removed from my home. I thank everyone on this site for helping me strategize this move. I do believe because of the Pandemic that it helped me resolve this issue. Others out there in my situation should consider doing...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    MR COOPER just posted a new video regarding help for those MR COOPER customers during the COVID-19 Epidemic. However, they gloss over us non-Government backed mortgages!
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Please feel free to expand on this thought...
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    Sounds good then. Especially if you don't intend to sell the house as I don't intend to sell. Heck, I'd probably have to do a short-sale or some other crazy move if I were to do that. I don't believe my credit union has been adding any interest or fees to the second lien as I have never seen...
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    Jzone, thank you for your reply. I was wondering why the credit union was holding onto it and not selling it. As you can see my house is underwater by about $80-$100K or more so I am in good shape there. No one would try to foreclose in these circumstances on me if they were to be assigned...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Thank you OHM. I'm wondering though, if this rate increase isn't based upon the current interest rates. If so, that would be a good thing for me. I really don't know the full details though. I do not think it will return to a adjustable rate. That would be insane. Especially with my...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Moe, good morning. Do you think if you added a new thread on "H.R.6515 - Rent and Mortgage Cancellation Act of 2020 - To suspend obligations of residential renters and mortgagors to make payments during the COVID-19 emergency, and for other purposes"...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    anna17, thank you for sharing this information. So sorry to hear about your father's passing. I am shocked at your monthly mortgage amount. I guess you have a Interest Only mortgage? This is what I initially had for all of those years and it was scary. I was in foreclosure before I was able...
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    Second Mortgage Charged Off in 2012 - Lien Still Held by Credit Union

    I owe $530K on the first mortgage on a house that is located in Maryland. The house is listed around $420 - $456K. I had a second for $60K with a credit union that I stopped paying on in 2012 and it was later charged off. I was finally able to obtain a modification in 2015 even though the...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    anna17! Thank you so much for shedding light on these crap loans. I was finally able to get it "modified" in 2015 and have until 08.2020 to get a whopping $5000 discount if I don't miss any payments! Wow...$5000 discount when I probably have more than that in junk and other hidden fees. I...
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    Coronovirus Mortgage and Real Estate Crisis of 2020- NOT !

    Force Majeure is a wonderful concept, but are there any REAL LIFE case law examples that set a precedent that we can follow while us shrimps take the beating while the whales battle? Who knows? If we are mandated by law to stay home and we have a job that cannot be done from home, is it our...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Well, received my "STIM" payment and about 98% of it went to my $3200 mortgage payment! Not sure about next month. If I can help it I do not want to fall behind because I will be severely punished by MR POOPER and company. Like you said, if I am in a HAMP and miss three continuous payments...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Thanks LIITX...It's crazy now with my work volume dropping drastically, but MR POOPER still wants me to pay and I will do my best to pay my monthly payment. But, it also angers me when they tell me I cannot get a modification. I haven't missed a payment for almost 5 years and they treat me...
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    How can the CDC or WHO still use the terms: Hong Kong FLU or SPANISH INFLUENZA and not also be considered racist? Ridiculous. Would probably be more PC to call it the WUHAN FLU IMHO.
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    Coronavirus Mortgage and Real Estate Crisis of 2020

    Of course, I have been in a securities backed loan since 2005. Started off as a INT ONLY with COUNTRYWIDE then sold to BOA, then serviced by several Servicers. Was lucky - I guess to get a HAMP MOD in 2015. In 2020 I'm supposed to get a "bonus" of $5000 for not missing any payments - which I...
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    Success Stories in Settling 2nds

    I'm looking for some hope here guys and gals. I think I've read a few years back of credit unions settling pretty low on second mortgages and wondered if anyone had experienced such a recent event within the last year or so. Sure would be helpful to know what leverage, if any was used. I...