Posted on: 16th May, 2011 03:33 am
i called my second mortgage for a settlement they took my info and said for me to call after 30 days so they could make a decision. i called back and they said it was a write off. what does this mean?
A write off would be a charge off. They are charging off the debt, or a write off of a loss on investment. You now need to know if the lender has any right to a deficiency judgement or any other collection rights now that the debt has been charged off. Contact a local attorney and get a free consultation on your rights.
Hi Guest!
Welcome to forums!
It means that they have charged off the loan and may have sold off or assigned it to a collection agency. The collection agency may now contact you and collect the dues from your.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
It means that they have charged off the loan and may have sold off or assigned it to a collection agency. The collection agency may now contact you and collect the dues from your.
Feel free to ask if you've further queries.
Sussane
