Posted on: 16th Mar, 2011 12:33 pm
Hello
I had my home in NV foreclose in Aug. Now the 2nd shows as a charge off. I have been living in Ca. A collection agency is now following up. What are my options and can they hold me liable for the 2nd?
E
I had my home in NV foreclose in Aug. Now the 2nd shows as a charge off. I have been living in Ca. A collection agency is now following up. What are my options and can they hold me liable for the 2nd?
E
forgot to tell you the amoutns is $44K
welcome elizd,
though your property was foreclosed, you will be liable for paying the second mortgage. the lender has charged off the loan and sold it off to a collection agency. the collection agency, now, has the rights to collect the debts from you. you should negotiate with the collection agency to get a payment plan to pay them off.
though your property was foreclosed, you will be liable for paying the second mortgage. the lender has charged off the loan and sold it off to a collection agency. the collection agency, now, has the rights to collect the debts from you. you should negotiate with the collection agency to get a payment plan to pay them off.