Posts Tagged ‘Loss Mitigation Department’
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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Dealing with Loss Mitigation Department at Indymac
July 25th, 2009
Indymac is my Lender. Loss mitigation reviewing my loan package. Should I call them or wait until they get back with me?
I haven't been late in my mortgage payments at all, but my mortgage value is 6k down from what we purchased it at 2 years ago. There are a couple of foreclosures on our street. My husband and I commute to the bay area. So with gas prices skyrocketing and twin daughters driving and going to college, I asked Indymac on June 26th to consider a loan resolution for us. I received a letter from Loss Mitigation dept dated July 7th that they are reviewing it and will get back to me within 30 days. Should I call them or wait for 30 days?
Posted in Help with mortgage, Loss Mitigation, Loss Mitigation Department, Mortgage Problems, Understanding Mortgages |
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Loss Mitigation No Response?
July 18th, 2009
I am trying to work with my bank's loss mitigation department. But, I am having a problem with them not getting back with me. I have been waiting for over 3 weeks for my lenders' loss mitigation to get back to me and still haven't received a call from them at all. I have been calling everyday to see if my case has been assigned to a loss mitigation agent. What are my options at this point?
Posted in Loss Mitigation, Loss Mitigation Department |
Tags: assigned to a loss mitigation agent, calling daily, calling loss mitigation, calling loss mitigation daily, calling loss mitigation department, calling loss mitigation everyday, calling them everyday, contacting loss mitigation, contacting loss mitigation department, lenders, lenders loss mitigation department, Loss Mitigation, loss mitigation agent, loss mitigation agents, Loss Mitigation Department, loss mitigation dept, loss mitigation lenders, loss mitigation not calling back, loss mitigation not getting back with me, loss mitigation not returning calls, options regarding loss mitigation, waiting for lenders, waiting for loss mitigation |
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