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what happens to the house in a frist mortgage charge off

Posted on: 31st Mar, 2010 06:48 am
my mortgage was charged off how long do i have in the house?
do i have to move right a way?
Posted on: 31st Mar, 2010 06:56 am
what happens and how long do i have in the house . why do get do this?
Posted on: 31st Mar, 2010 07:08 am
No, You do not have to move right now. Creditor will assign collection agency to collect balance amount from you.

Thanks. :)
Posted on: 31st Mar, 2010 07:09 am
what we don't know here is why the first mortgage was charged off. do you have so little equity in your home that the lender saw no benefit in continuing to dun you for payment? have they not taken any action, such as a foreclosure?

your best bet is to consult with your lawyer to see what your rights and responsibilities are.
Posted on: 31st Mar, 2010 10:37 am
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