Cat123 Posted November 13, 2012 Report Posted November 13, 2012 BIG Bank...big, big bank in no trouble at all. $225K 2nd mortgage (HELOC) sued us. Heart just dropped through my feet... until I read the agreement they included, with an Arbitration clause. I didn't answer the complaint, but sent them a letter requesting arb.... and filed a MTC arb.Just received the Voluntary Dismissal!!I knoooow..... it's not over. And I don't know what to expect other than BK if we have to. However, we did get a settlement offer for $41K right before they filed suit...so, we'll see.I've got to be missing something.Thanks so much to all of you.
racecar Posted November 14, 2012 Report Posted November 14, 2012 Sounds like a bank beat down to mexdancex
SkippieB Posted November 14, 2012 Report Posted November 14, 2012 BIG Bank...big, big bank in no trouble at all. $225K 2nd mortgage (HELOC) sued us. Heart just dropped through my feet... until I read the agreement they included, with an Arbitration clause. I didn't answer the complaint, but sent them a letter requesting arb.... and filed a MTC arb.Just received the Voluntary Dismissal!!I knoooow..... it's not over. And I don't know what to expect other than BK if we have to. However, we did get a settlement offer for $41K right before they filed suit...so, we'll see.I've got to be missing something.Thanks so much to all of you.Great Job!Carol-Lynn
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