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Found 23 results

  1. Sorry, this is a little long, but I wanted to try to get as much info as I know for some advice/help. In 2005, a family member purchased a home, then in 2010 she almost foreclosed on it, but was able to get a loan modification after working with the bank for a year on it. During that year, she didn't pay her 1st mortgage or her 2nd mortgage. Since the 1st mortgage was modified, she was able to keep her home. The 2nd mortgage was with HSBC, and they charged it off. That 2nd morgage was around 55k. Then in 2013, she moved out of state, and rented out her property in FL. She
  2. I need some advice please and this is a "not so common situation". I have already started the dispute process with the credit bureaus but so far they haven't removed any late payments, which has caused us a lot of problems. I didn't know these were on there until we sold our house and went to buy another one. I have all my facts written down and will copy and paste it, let me know what you think? Also, when disputing this should I send a copy of everything that happened to the credit bureaus in full detail or will they not care? I bought my home in October of 2001 with a total monthly pa
  3. Hello everyone!! I am new to this boards and I hope I'm posting this in the right place. Last week I've discovered that I had a lawsuit filed against me by Calvary SPV for some old debt from Citi requesting judgement, I didn't know about it until I started receiving letters from lawyers and went to check on public records. And there it was! I have retained an attorney to deal with it, but meanwhile... I'm in the process of purchasing a house and have closing already set for December 20th. Lawsuit was filed on November 8, I understand this is not a judgement, but if title runs the search,
  4. I was reading on another site that if you have a FICO score 580+ than your down payment can be as low as 3.5% but if it's lower than 580 you have to do a down payment of 10%. Has anyone heard of this before??? My boyfriend and I want to buy a house together but one of us has a great score and the other not so much. I don't want to buy the house by myself.
  5. Hello and thank you for reading/trying to help, I'm in the process of looking for a home to buy and have been pre-approved for a mortgage. I was told that no matter what I have to take care of the open/active collection I have reported on my credit reports by Portfolio. The SOL is up and they cannot sue me for it, but the account is to stay on my credit reports for 2 more years. I tried disputing it with the credit agencies but had no luck. Portfolio actually sued me for a different account a year ago, which I challenged and won; I'm guessing that's why they let the SOL expire on this one a
  6. Hello, This is the first time i am posting here as this is also the first time i have had anything in collections. I received a phone call from a said collections agency stating that i owe money to them regarding damage done to a Hertz rental vehicle in November of 2016. I asked him for more details on the matter and after putting me on a 3 minute hold he said he would have to gather paperwork and could have it emailed to me. I still have not yet received the email so i have no idea what this is referring to. I have never rented a car before as i am 23 years old so i know it has nothin
  7. I'm filing for Chapter 7, I'm thinking of giving up my home.The issue is I have a balloon mortgage on my home, is it worth it to keep it or not?Comps on the house is 85kPreviously owe 71k19 year left on the mortgageBalloon payment 30k after 19 years2% Apr on the mtg now.What to do is it worth it to keep the houseHouse also needs about 15k in repairsWhat are your thougts
  8. Filed Chapter 13 Sep 2011, Bankruptcy Plan Number 8 DIRECT PAYMENTS lists 3 items, Jeep payment $265.36 WF Home mortgage (1stMortgage) $1,553.24 Wells Fargo Bank (2nd Mortgage) $275.00 These are the payments setup and ordered by the court for us to make directly to these companies. Got your attention? The first 2 went along just fine, Jeep paid off, 1st Mortgage ongoing @ 9% interest, 2nd mortgage paid $275.00 as ordered. We paid for 15 straight months, last payment was Dec 2012, so in Jan 2013 WF Charged the account off. No notification just Charged it off. Total payments
  9. I recently filed chapter 13 as a way to save my home from foreclosure. There are 10 payments that were made (before bankruptcy was filed) that the mortgage company never applied to my account. I keep asking (and emailing) my bankruptcy attorney about it but have yet to receive a response. To top it off, my loan was just switched to a new servicer. What can I do or who do I need to talk to to get my account credited for these payments? If a "lender" has provided incorrect balance, fee and/or charge information to the BK court, shouldn't my BK attorney be looking at challenging these errors?
  10. I am at impasse with a debt collector reporting on my credit report as the current owners of an alleged old second mortgage debt. A few years ago the last supposed owner of this alleged debt was unable to validate it so it came off of the credit report. This was prior to my becoming a citizen of Texas. Green Tree now pops up claiming to own the debt on my credit report and it looks like they have been reporting it since March of this year. Before educating myself with TFC 392, I requested validation through the credit bureau website thinking there was no way they could validate it because the
  11. Mortgage lender told me to remove "Accounts In Dispute" on my credit report. 4 collection accounts are affected. All these accounts are "closed." Of these 4 accounts, 2 collections were recent disputes the other 2 were disputed about a year and a half ago. 1 of the recent disputed accounts, I paid recently. I called all 3 CRAs and all of them agreed to remove these remarks (without much prodding just long wait times over the phone). My question is: How badly is this going to affect my credit score when the lender pulls it again? thank you!
  12. Hello everyone! Thank you for the help in advance. I'm going to try and not draw this out for everyone, so lets get to it. Here's my current status and situation: Recently I moved to MI and obtained a job that brings in about $1600 monthly after taxes. My bank account has a balance of around $2k at any given time. I'm currently lucky enough to live with family until my finances are straightened out enough to get back to my own place. My GOAL by February 2016 is to have a 650-700 credit score so I can move down south. I'm hoping to be able to boost my credit score while maintaining a sta
  13. Hi All! I was a member here back in 2005-2008 and this forum, moderators and others really helped me then so, I hope you can do the same now. My FICO's have been in the dumpster ever since my home went into foreclosure in 2009. In 2008, I had major health crises and underwent 5 operations and recovered for 2 years. CitiMortgage foreclosed on me in 2009 and despite having a lawyer, court appearances, requests and submissions, never evaluated me for HAMP refinance. Fast forward to now, Citi sold my mortgage to another servicer in December 2013 and they reviewed me for HAMP in March 2014, I
  14. Hello All! So, I currently have a mortgage that I've been late on several times in the passed due to hardship and some families issues that were going on at the time. Heres the situation The orginal Loan servicer has about 5 late payments and has been transferred/sold. The second Loan Servicer has 1 late payment and has been transferred/sold to a third Loan servicer. So my question is how can I get the late payments removed or possibly both accounts since they were transferred/sold to another Loan servicing company?
  15. I was behind on my payments with Penfed on a loan I took out in 2008 and they refinanced my HELOC by incorporating the closing fees and late interest into a new HELOC in May of 2010, which since it was the only loan on my property is in a first lien position. Even though they did it as a HELOC, they closed the line of credit. My balance is $85,000.00 which is the original amount refinanced. The property has lost value and is worth about $52,000.00. Since LTV is upside down I want to approach Penfed from a position of leverage and rework the loan with a lower loan amount. I am cur
  16. Interesting article about the dropping jumbo mortgage rates. Article credit: Credit Card Builders - www.creditcardbuilders.com Anyone who routinely pays relatively close attention to mortgage rates is aware that they’re on the rise these days. But what you might not know is what is going on with some specific rates. Jumbo rates (rates for a loan of more than $417,000) have come down significantly – to the point where they are nearly the same as a conventional rate (those $417,000 and under). In fact, according to the Mortgage Bankers Association, a 30-year conventional mortgage rate in mid
  17. My mortgage lender is sending a lot of mixed signals, so I am trying to gauge their intent and come up with a plan. I was 2 payments late and then filed Chapter 7 due to crushing CC debt and upcoming CC Trials when my 3rd mortgage payment was due. After paying all the attorney fees, I did not have money to pay my mortgage payment, so I got to the point where I was 90 days late. A couple of weeks later, I sent all of the loan mod documentation, have been cooperating with them and been sending them all the documents they'd request. I also do have a fairly good income/job now (finally!), so I p
  18. Greetings to all the wise ones!! I have spent the last 24hrs reading every nook and corner of this forum to find answers to my specific problem to no avail! Please help me out so I can achieve my dream!! I am in process of buying my first home, when I went for my pre-approval the mortgage specialist(MS) ran my credit and picked my median score of 660 to grant me the pre-approval letter. My 3 scores were 654/660/679, That was back in April. Fast fwd 3 months and I finally found a house that fits my budget, the paperwork went to underwriting(UW) and I found out I got denied, because my media
  19. In completing the Chapter 7 Means Test in Pennsylvania, can anyone shed light on the Mortgage Debt Payment (Subpart C of Means Test) if a home is CO-OWNED with a non-spouse? Specifically, myself and the co-owner are planning to file bankruptcy (one at a time). If I file first, can I state that I pay 100% of the mortgage in Subpart C of the Means Test? This would make passing the means test possible. Also, assuming my bankruptcy is granted, can the co-owner THEN file using the same 100% mortgage payment in his Subpart C?
  20. HI All, I've been getting so much help out of this forum. Like many, I was hit hard by the economic crisis. I had a number of investment properties that turned sour and had to let them go. Thanks to the advice here, I've already gotten 3 foreclosures removed from my reports because the bank never responded to the CRAs. So, I have a few second mortgages that I am working on getting off my reports next. So, here is my question. BOA purchased the horrid Countrywide and PNC bought not-quite as horrid National City. CW and NC were my OCs. So, are BOA and PNC CAs or are they OCs? Anyone dealt
  21. My wife and I settled a second mortgage with CitiMortgage early last year. That settlement allowed us to sell our condo about 6 months later, though we still had to bring significant cash to closing. Our hope was to start a family and buy a house this summer. Well, Citi reported the transaction as promised. Our reports say some variation of "Closed/settled for less than full balance". This language looks like a short sale to Fannie/Freddie apparently, and we have been denied a conventional mortgage, even though we made every mortgage payment on time for almost six years and have pretty
  22. Here are 10 mortgage tips to help you with your mortgage decisions in 2013: 1. Stop procrastinating and refinance. If you haven't refinanced recently, you're probably paying a higher interest rate on your mortgage than you should. Take advantage of today's record-low mortgage rates while they last. 2. Buyers, get moving. With rates near the bottom and home prices on the rise, it's still a perfect time to buy a house. Get a mortgage preapproval before you start shopping. 3. Compare FHA vs. conventional loans. Many homebuyers opt for aFederal Housing Administration mortgage because it allows t