Asked about “What Happens to Second Mortgage After Foreclosure on the First?”

2nd mortg settlement with same company?

The first mortgage is modifying the loan for us, now they say I must see to the 2nd mortgage myself. They suggested offering a settlement. Seems odd since it is all with one company. I even have to turn in the same paperwork a second time to the same company, only a different department. I asked what would be a good offer, and they said they couldn't say, but they had heard of settlements from 1 to 50 percent. Any suggestions? We already filed for bankrupcy already...

Answer this question

Topics:

second mortgage, 2nd mortgage, mortgage loans, second mortgage after foreclosure, second mortgage settlement

Posted 2008-11-28T08:20:59Z
294 views
1 watcher
Reply
Edit

Send to a friend

Watch

Report

Posted Answers

noticeablejewels

133 answers

14 helpful answers

Chat live with a Conquest Resolutions Representative

http://www.loanmodificationshelponline.com/live_chat.html

Most people do not understand how to do loan modifiations as it is so technical and by the time they figure it out, it can be too late and they have lost their homes. If you want to do this with an A+ accredited Mortgage Strategies Company call 1-800-557-1467 ext 4 and ask for Crystal Kehoss. If you want to check out the company first, just visit our website www.cresmod.com. If you are sketical, I can give you the corporate addresses and phone numbers to check with the Better Business Bureau. Good luck.

Posted 2009-06-17T23:57:56Z

In reply to MS's question

Helpful?(0)

Rated #1 out of 1

Report Abuse

ArticlesBase Articles

FHA mortgage Refinancing, FHA mortgage loans, FHA Home loans

The FHA home loan offers exclusive Florida FHA mortgage refinancing, FHA mortgage rates, FHA refinance loans, FHA fixed mortgage refinance, FHA low equity loans, FHA refinance mortgages, FHA bad credit mortgage, second mortgages

Florida FHA Mortgage, Florida FHA home loan Advantages

Understanding the benifits of FHA home loans can benifit Florida homebuyers and homeowners. Highlighted are the best reasons to utilize the FHA Home loan to purchase or refinance a Florida home.

Online Mortgage Brokers Help in Loan Process

Thinking about taking out a mortgage? You would probably need a mortgage broker. Where are you going to find one? Do have enough time at your disposal that you can visit all mortgage brokers door to door, comparing their services? I bet you don’t! The best, probably the only alternative is to seek an online mortgage broker.

Mortgage Broker Vs. Mortgage Banker

A mortgage broker charges dramatic fee for every service, but then he has access to wide variety of loan programs. He would also have knowledge of how to present your loan application to various lenders for approval. Some of mortgage bankers are brokers as well. As an investor it is always wise to have both mortgage broker and a mortgage banker on your side. You all need to remember that mortgage brokering is an unlicensed profession in many of the states.

Interest Only Mortgages Vs. Regular Mortgages

Are you concerned about finding reasonable loan terms because of your credit situation? It is possible to find affordable mortgage plans in this website even if you have less than perfect credit. Let us serve.

» More...

Explore Related Posts in Forums

Bank of America Says No Loan Mod Unless You Trash Your Credit

Pay August mortgage payment. Faxed new hardship letter and required documents. August 2009 - Assigned practices that the lenders are using to deny loan modifications? Here is my story: In July 2007, we re ? I don't know who held your mortgage before Countrywide, but from what I know of adjustable loans

Chat with Director of Baruch MFE program

loans (even if partial amount) without collateral dstefan http://www.fenews.com/directories/un...es and take it from there sandeep_iitb does the university help international students in getting loans The Director of the Financial Engineering MS Program holds periodic chats for prospective students, answering questions in...

BATFE can declare your double barrel shotgun a machinegun!

To a page to sign up for monthly payments to be made for Olofson's mortgage and car loan payments that his wife and mother of their three young children will be able to keep making her mortgage January 10th 2008 An Interview With Len Savage BATFE can declare your double barrel shotgun a machinegun! In our latest Talkin...