A
Abhb13
Guest
Please help with either options or the correct person to contact to try and resolve this situation.
in 2005 we purchased a home 1st mortgage with Wells Fargo 2nd with Option One
In 2007 we filed CH. 13. We were discharged in 2009. Neither mortgage was reaffirmed. We stayed current with Wells Fargo and fell behind on the option one.
6/2008 we received a letter saying Option one was transferring our servicing to American Home Mortgage Servicing.
9/2008 we received a letter from AHMS after we had reached out to them stating there was no principal balance due and they had no further information.
1/2009 we received a letter from Real Time Resolutions stating they were now our servicer.
we didn’t pay them for some time. They sent us a settlement letter. We were unable to do anything at the time.
fast forward to present. We finally have equity in the house. We would like to do a cash out refi and use the money for home repairs and upgrades and potentially settle with Real Time.
What if any options do we have? Do we have any recourse because of the gap between letters from AHMS and RTR?
How much could we possibly owe if anything on the 2nd?
Neither Mortgage is showing on credit report. Real Time is not either. We had a title search done and it only shows the original Deed and Trust to option one from 2005. Our D/T with Wells Fargo also shows as being reassigned to HSBC in 2015.
should we contact a real estate attorney? Real Time to see if they would settle? Would we be able to refi with a settlement amount included?
in 2005 we purchased a home 1st mortgage with Wells Fargo 2nd with Option One
In 2007 we filed CH. 13. We were discharged in 2009. Neither mortgage was reaffirmed. We stayed current with Wells Fargo and fell behind on the option one.
6/2008 we received a letter saying Option one was transferring our servicing to American Home Mortgage Servicing.
9/2008 we received a letter from AHMS after we had reached out to them stating there was no principal balance due and they had no further information.
1/2009 we received a letter from Real Time Resolutions stating they were now our servicer.
we didn’t pay them for some time. They sent us a settlement letter. We were unable to do anything at the time.
fast forward to present. We finally have equity in the house. We would like to do a cash out refi and use the money for home repairs and upgrades and potentially settle with Real Time.
What if any options do we have? Do we have any recourse because of the gap between letters from AHMS and RTR?
How much could we possibly owe if anything on the 2nd?
Neither Mortgage is showing on credit report. Real Time is not either. We had a title search done and it only shows the original Deed and Trust to option one from 2005. Our D/T with Wells Fargo also shows as being reassigned to HSBC in 2015.
should we contact a real estate attorney? Real Time to see if they would settle? Would we be able to refi with a settlement amount included?