Posts Tagged ‘2nd mortgage’
What is a mortgage charge off?
August 13th, 2009
I'm currently seriously past due on my 2nd mortgage. I called my bank right now to once again discuss options. The gentleman said your loan has been "charged off." He said, "give me some time to see if i can pull it back into the loss mitigation dept."
He's gonna call me back tomorrow, but until then I just want to know what charge off means in mortgage term.
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Posted in Behind On Mortgage, Help with mortgage, Loss Mitigation, Mortgage Problems, Understanding Mortgages, Upside Down Mortgage FAQs | 
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1 Comment »
Upside down on mortgage, any suggestions?
June 3rd, 2009
I am upside down on my mortgage big time. I have both a 1st and 2nd mortgage. I do not know what to do - I am so lost and scared. Because I Have A good credit rating, my mortgage company, Countrywide, won't help me at all. They will not even consider helping me with a payment plan or anything like that unless I'm behind on payments which means, it will ruin my credit, and We Want Out? Anybody know what to do please help!