Ok - so we had to file an AP to strip the 2nd; all well and good, normal, etc. However, the 2nd has come back with an answer that our house is valued now at more than what we paid for it 3 years ago . We're in the process of getting a full appraisal ( they *2nd* did a drive by BPO and based the value on restored / remodeled houses as far away as 50 miles and 3 counties over ) - ours is neither restored nor on the acreage some of the comps were.
So - talk to me about how your strip went, your AP filing / case - and how it all went down. Nervous as hell here; we battled for our 1st to be modded and got through that, but now this 2nd is going to play hard ball for whatever reason. We tried for 8 months to work with them, to no avail...even the day before filing CH. 13 we asked them to work out something with us, no use.
Good, bad and ugly...give me all of it so I'm prepared. Our lawyer says this usually never happens with this particular lender as he's dealt with them before (go figure.. we're to be the "example") so he was even surprised.
To think we got this far possibly just to have it all backfire, just sickens me. I know the appraisal will come in lower than what we owe, but - the back of my mind is screaming "What if..."
So - talk to me about how your strip went, your AP filing / case - and how it all went down. Nervous as hell here; we battled for our 1st to be modded and got through that, but now this 2nd is going to play hard ball for whatever reason. We tried for 8 months to work with them, to no avail...even the day before filing CH. 13 we asked them to work out something with us, no use.
Good, bad and ugly...give me all of it so I'm prepared. Our lawyer says this usually never happens with this particular lender as he's dealt with them before (go figure.. we're to be the "example") so he was even surprised.
To think we got this far possibly just to have it all backfire, just sickens me. I know the appraisal will come in lower than what we owe, but - the back of my mind is screaming "What if..."
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