Posted on: 12th May, 2011 12:20 pm
My first loan with chase now is permanently modified but now my HELOC account for $34K will be move to Recovery Dept. end of this month. I've missed payment on HELOC for 5months.What should I do? How do I start to settlement with Chase? Please help? I'm very devastating..
You want to get current however you can. The second can purchase the first and assume foreclosure in most states. You can try to contact them to see if they will work with you. Its all case by case.
Welcome elainenguyen,
You should contact the second lender in order to find out whether or not they will consider you for a loan modification. If they agree to modify your loan, then you will be able to save your property. Or else, the second lender has the rights to charge off or foreclose the property.
You should contact the second lender in order to find out whether or not they will consider you for a loan modification. If they agree to modify your loan, then you will be able to save your property. Or else, the second lender has the rights to charge off or foreclose the property.
