Question: Dear Steve, In 2009 I took out a 2nd mortgage on my property to pay off debt. Six months afterward I lost my job and couldn’t make my payments. I filed Chapter 13 bankruptcy in 2011 in order to save my home. My case was not discharged because I failed to submit my tax …
Question: Dear Steve, We filed bankruptcy in 2009. Never reaffirmed 1st or 2nd. We were under the false assumption that or second was eliminated by chapter 7. We have not heard from 2nd mortgage company in seven years and are trying to refinance. Can not do this because 2nd is still there. We now have …
Question: Dear Steve, Back in 2007 we had some investment properties, some we did short sales and one of them went into foreclosure; this one in the state of KS. The foreclosure took place in late 2008 or 2009. We received a letter from an attorney stating that his client may choose to take legal …
Question: Dear Steve, I have lived in my house for 16 years. Due to various circumstances, I have fallen behind on mortgage payments. My primary lender has filed for foreclosure as a result. My home is currently listed for sale. I have a smaller second mortgage with Chase that was a piggyback loan on a …
“Dear Steve, My husband and I filed a CH13 in efforts to save our home. 2nd mortgage was stripped and court. 4 months into bankruptcy, trustee felt we could pay 100% of debt which we would be paying a lot more than what we were originally paying overall. We pulled out of BK and got …
“Dear Steve, Current on my first, discharged both 1st and 2nd mortgage in chapter 7, Chase charged off my 2nd, I have the money to pay Chase and bing my loan out of default. Since they charged off my loan they will not cure the default. I received a letter on 3/1/13 saying I had …
“Dear Steve, We currently have a first and second mortgage. The first Mortgage is with Citi Bank and we owe about 160,000. The second is with America Servicing Company which is a subsidiary of Wells Fargo. We owe 140,000. The house is probably worth about 300,000 give or take. We are having a problem making …
“Dear Steve, I am on disability. My husband lost his job in July. We are living on disability and unemployment checks and have a greatly diminished income. Our bank, Wells Fargo, will not work with us on loan modification. We have a primary loan of $315K at 2.85%. Our second mortgage is for about $66K …
“Dear Steve, I divorced last January. My house had 3 liens from my x-husband’s company so I chose not to keep the house but to let it go into foreclosure (he filed bankruptcy). The house had 2 loans, one for $140,000 and a junior for $35,000. The house went to auction this last August which …
I bought a condo in 2006: Bought a month later by Wells Fargo. 196K 80/20 Loan 80: 156K Interest only 15yr then interest kicks in 20: 37K Interest only Balloon payment at the end of 15yr. The condo is maybe worth 105k There are 3 short sales ranging from 89K-115K some have been on the …