Posts Tagged ‘discuss options’
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.
Posted in Behind On Mortgage, Help with mortgage, Loss Mitigation, Mortgage Problems, Understanding Mortgages, Upside Down Mortgage FAQs | 
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