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Finally help for those wicked HELOC & 2nd mortgages

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    #1

    Finally help for those wicked HELOC & 2nd mortgages

    I'll take all the help I can get.

    http://www.forbes.com/feeds/afx/2009/04/28/afx6349153.html
    Chapter 7 filed 10/21/2008
    341 - 11/26 went smooth NO ASSET
    Took 115 days after 341 - But Finally DISCHARGED 3/25/09
    Tags: None
    #2
    I talked to CitiMortgage again this morning and my proposal for HELOC settlement of 10% is being reviewed. Crossing my fingers!
    Chapter 7 filed 10/21/2008
    341 - 11/26 went smooth NO ASSET
    Took 115 days after 341 - But Finally DISCHARGED 3/25/09

    Comment

      #3
      interesting

      Saw something about this on FOX business. I think it's smoke and mirrors again. What mortgage company in their right mind is going to trade a $500 payment to write down $200K in principal on an upside down HELOC ??

      BTW- they are using this as a way to Torpedo the Cram Down legislation being negotiated in Congress. This plan was contrived by Gietner and he's a stooge for the banks
      Stopped Paying CC's 2/2009. Retained Attorney 1/10/2010 Filed 1/23/2010. Discharged 5/19/10 $187K CC, $240K 2nd,$417K 1st, No asset Ch-7

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