Second mortgage advice

Compare Mortgage Quotes

Loan Amount :

Loan Term and Type

Property State :

Type of Loan :

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

disclaimer

Second mortgage advice

I have a second mortgage that I have not been able to pay for quite awhile. The loan has gone into collections, the collection agency has offered me to settle for $.50 on the dollar. While that sounds good, I don't have the kind of money needed to settle. What are my options? Is the collection agency able to give me a better deal that I can afford? I live in Florida...

Comment

Berto9291
18-10-2011

1 Answers

Votes

Older

Newer

Hi Berto, I personally feel that the collection agency has given you quite a good option in order to pay off the debt and get rid of it. You should somehow arrange for the money and go for it. You can try once again and check out if they are ready to offer you a lower amount but chances are less. It is solely the discretion of the collection agency as to what the settlement amount will be. Thanks

Comment

jameshogg | Asked on 2011-10-18

Ask Question

Related Questions

What are the best ways to handle loan modification for a commercial real estate loan in California Anonymous (not verified)
Loan modification and ex wife Anonymous (not verified)
Mobile home loan Anonymous (not verified)
My Credit restoration testimony Anonymous (not verified)
Simple Assumption Anonymous (not verified)
Using mobile home as collateral Anonymous (not verified)
Shivaniroy Anonymous (not verified)
poojasharmaji Anonymous (not verified)
poojasharmaji Anonymous (not verified)
zxsscebqbnunddTwemsBtjinsafx Anonymous (not verified)