Posted on: 15th May, 2009 10:27 am
My 2nd loan put charge off on my credit and my house went forclosure. I don't know what to do? What if they put me on collection? What is the best way do deal with collection? and how will i find a way to prepare before it happen?
the best bet is for you to deal with the lender (who is holding your second mortgage) directly. attempt to work out a payment plan. if that does not work, then see if you can borrow from a relative to paay off that second loan which will stop the foreclosure process.