I’m in a situation right now where my credit issues are being questioned because of my security clearance. I first made arrangements with the vehicle collection agency to settle the amount of $5080.00. I have made the first payment and received paperwork asking about my credit situation from the Government. In feeling very pressured to do something about my issues, I contacted Mossley Law Firm. I found you blog today and am completely shocked at all the stuff I have read thus far.
Back in 2005 my husband & I bought a home and a new vehicle. Six months later my husband lost his job. I immediately called the finance company to come get the new vehicle. Six months after that, our home was foreclosed on.
When we originally purchased the home for $145,000.00, the loan was in two parts, one for $116,000.00 and one for $29,000.00. The home was sold on the steps of the courthouse for $120,000.00. The larger of the two loans was paid off but not the smaller one. The person that bought the home from the courts turned around and sold it for the same price as we bought it for and the new buyers obtained the same type of loans as we did with a different lender, (it was in two parts).
I was told by the first collection agency and the Title Company that we were not responsible for paying back the second loan, but I have yet to see anything in writing and have come to dead ends.
My questions to you are:
1) Am I able to back out of this deal with Mossley Law Firm?
2) What do you think is the right approach to the mortgage issue?
Thank you for your time & efforts, they are Greatly Appreciated.”
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.I'm Worried That Debt Settlement Will Hurt My Security Clearance by Steve Rhode