Jump to content

Foreclosures/Loan Modifications

You're trying to get a modification, or you're being foreclosed?
While every lender, foreclosure and modification situation is different, this is a place to discuss and share your experiences.


1867 topics in this forum

    • 7 replies
    • 1.5k views

    • 3 replies
    • 647 views
    • 7 replies
    • 1.2k views
    • 0 replies
    • 558 views
    • 3 replies
    • 878 views
    • 1 reply
    • 666 views
    • 1 reply
    • 584 views
  1. being sued

    • 1 reply
    • 660 views
    • 4 replies
    • 964 views
    • 1 reply
    • 632 views
    • 15 replies
    • 2.2k views
    • 20 replies
    • 1.1k views
    • 13 replies
    • 988 views
    • 2 replies
    • 704 views
    • 4 replies
    • 840 views
    • 23 replies
    • 1.3k views
    • 0 replies
    • 539 views
    • 6 replies
    • 730 views
    • 4 replies
    • 603 views
    • 1 reply
    • 494 views
    • 4 replies
    • 771 views
    • 2 replies
    • 1.7k views
    • 9 replies
    • 901 views
    • 15 replies
    • 3.7k views
    • 40 replies
    • 4.2k views
    • 1 reply
    • 664 views
    • 1 reply
    • 676 views
    • 4 replies
    • 819 views
  2. Flagstar settlement

    • 5 replies
    • 3.7k views
    • 0 replies
    • 674 views
  3. 1099-C Foreclosure

    • 4 replies
    • 1k views
    • 0 replies
    • 545 views
    • 6 replies
    • 864 views
    • 0 replies
    • 442 views
    • 4 replies
    • 749 views
    • 2 replies
    • 469 views
    • 8 replies
    • 1k views
    • 0 replies
    • 520 views
    • 4 replies
    • 543 views
    • 17 replies
    • 1.5k views
    • 3 replies
    • 579 views
    • 9 replies
    • 2.9k views
    • 21 replies
    • 2.3k views
    • 6 replies
    • 496 views
    • 1 reply
    • 523 views
  4. Short Sale after BK?

    • 3 replies
    • 578 views
    • 4 replies
    • 693 views
    • 5 replies
    • 1.1k views
  5. Confused and Afraid

    • 9 replies
    • 1.1k views
    • 5 replies
    • 572 views
  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Our picks

    • Hello good folks,
       
      Background: last October, Comcast locked my account because *a stranger* (mistakenly) paid for it with a credit card, and later disputed the charge with their credit card company and did a chargeback. Comcast made it so I couldn't use any type of credit/debit cards to pay. It took some give months to even expose this issue, as agents didn't know why my account was locked. I cancelled my account but they still wouldn't let me pay. Eventually, they sent it to collections, which very promptly hit my credit history with a "Collections" derogratory record.
       
      Unfortunate timing, because I'm in the market right now for a mortgage. Without this note, my credit history is close to perfect, with FICO8 of 835+, and VantageScore3 of 810+.  With this, the scores drop to about 710 and 760 respectively. Meaning, either mortgage denial or higher interest rate, leading to huge sums wasted.
       
      My questions are:
      1) What is the best way to get this rectified and get this record off my history?  
                  - Is it possible to do a "pay for delete"?  
                  - Should I be talking to Comcast or to the collections agency?  
                  - Is there something I need to to in the interim, like disputing the record?  
                  - What would be the fastest way to deal with this? Ideally, I want to apply for a mortgage in the next week if possible. If not possible, in the next 3-8 weeks.  
       
      2) Are there particular mortgage lenders that use a more favorable scoring so this one single negative record doesn't hurt my mortgage rate?  
                  - My understanding is, FICO8 has this 120+ point drop for the first negative record, while other scores (like VantageScore3) doesn't drop so dramatically. Is this correct?
       
      Thank you very much in advance.
      • 61 replies
    • So my DH had a Citi/Best Buy card that was charged off in 2017. After beginning our credit repair process, I noticed the account was reporting the payment history inaccurately on Equifax and Experian. We disputed many times, then ended up suing them for FCRA violations. They settled the case by forgiving the debt and deleting the account from all reports.
       
      But now they’re back! In 2020, they sent us a 1099-C for an amount just a little bit shy of the balance. I believe it was just the principal balance, which amounted to $4,600. Well, as you know, it’s tax season. And who decides to send us another 1099-C for the same account/debt? Titty bank. They put the full amount of the debt this time; which was about $600 more than the first 1099-C they sent.
       
      I have consulted my lawyer because it seems illegal for them to write off the same debt twice. He has advised we should sue them again. While I’m sure we can win the case, litigation and settlement takes about a year to do, based on our past experiences. It ended up costing us an extra $1,200 in taxes this year. What do y’all think? Should we spend more time and effort on this situation? I’m pretty sure Titty also violated terms in our settlement agreement for the FCRA case as well, in regards to them not pursuing further collection activity.
       
      Any advice would be appreciated.
      • 24 replies
    • I have come across a credit topic involving data point information that concerns AmEx's D* policy (which no longer exists) which triggered and raises an important question that may be of interest to anyone who has an AmEx credit card in their relationship history with AmEx.

      This is to give credit and courtesy to an excerpt from the @cashnocredit post...
       
       
      "I had an Amex in 1974, which closed in the early 80s. Opened a new one in 2011 but they didn't backdate me then. Had no record of it (which was always paid on time)."
       
      Question? 
       
      Does AmEx have all your previous applications and cards approved and store all positive and negative data indefinitely?
       
      • 42 replies
    • I decided to continue another year of my glorified spreadsheet. 2022 was a disappointment in the shenanigans dept. Most of the dive hotels I stay at did remodels during the pandemic. Not too many WTH moments. Disciplining myself to go under 5/24, allowed me to add a Chase CSP and CFU to the mix in 2022. The various dumpster dive apps I use paid off. To the tune of about $2000 in value.
       
      Inflation being what it is, I'm more hyper sensitive than ever on what spend goes on what card, to maximize spend multipliers.
       
      Credit Cards:
      Amex Gold & Every Day MR 441,390
      Amex Delta SkyMiles 205,415
      Citi MileUp MC American Airlines 69,345
      FNBO Amtrak Guest Rewards MC 135,948
      Chase CSP / CFU Signature Visa UR 101,559
      Chase IHG Traveler MC 66,064
      BofA Customized Cash Rewards Visa (3% Travel) $0.88
      Citi Double Cash MC (2% CB / TYP Everything) 21,186
      Citi Premier MC Thank You Points 34,280
      Choice Privileges Visa Signature 360,660
      WF Active Cash Signature Visa (2% CB Everything) $87.44
       
      Shopping Portals and Apps / Stacking Opportunities:
      DOSH (CB) $18.56
      Rakuten Amex MR Earning. Pays out quarterly. Points Pending: 6857
      Fetch Rewards (GC) 27,439 Points
      Ibotta (CB or GC) $7.65
      Upside (CB or GC) $14.15
      CoinOut (CB or GC) $8.65
      Payce (CB) $18.97
      Receipt Hog (CB or GC) 3156 Coins
      Receipt Jar (GC) 2013 Points
      Receipt Pal (GC) 4725 Points
      Shell Fuel Rewards (Earning AA Miles 2miles/gal.)
      Starbucks / Delta SkyMiles (Earn 1 SkyMile for every $1 spent at Starbucks)
      AA Simply Miles
      Airline / Hotel Dining and Shopping Portals
       
       
      • 170 replies
    • Hi Everyone!
       
      I have one last bad account, unfortunately a repo, that is still on my Experian and Equifax reports. Before Experian changed their report format, at some point last year the repo account said "on report until April 2023." Well, it's April and it's still showing. Could it be until the END of April? Would it be worth calling Experian's backdoor number and asking about it? Maybe sweet talking them to delete it early? lol
       
      What do you guys think? In comparison, this account was scheduled to drop off my Transunion report in January and was gone in December. Equifax is the worst and it show dropping from the report in July. 
       
      Thanks guys!
      • 15 replies
  • Posts

    • Ok, I'll take responsibility for the "Horsey Sauce" ...  yummy   (truthfully:  I've missed the connection ...)  
    • Yes. Semantics aside, I am essentially judgement proof. It honestly doesn’t matter if the judge approves a judgement, I have nothing to pay.   For anyone in question, think about how it is, factually speaking, a waste of money to file a bk for someone in my shoes? It is because, someone like me is “judgement proof”, it’s why the term exists.
    • Just paying stuff, presently. That's the update.    I don't think we are gonna replace the present car. I just don't see it.
    • Whether I am labeled as judgement proof or not, doesn’t matter in the slightest. Bottom line is, I have nothing they can get. If they were to track down my minuscule gig income, I can send those payments to a different bank account.   It’s not like I’m some big millionaire drug kingpin dodging amex. I have nothing and I obviously am not gonna bend over backwards to get amex their money considering I’ve been through the wringer worse than words can describe the past year.
    • I will concede that a Judgment can be gotten against him but it will be basically useless. Sure, he can be called in for a Debtor's Exam, and he can be made to reveal where he puts his small non-exempt income, but today's truth can be tomorrow's ancient history. If I had to reveal where I bank in a Debtor's Exam I would have that bank account empty and closed within minutes of leaving the Exam. Levy that. It is true that Amex is aggressive in pursuing debtors, but only when they smell something they can get. Otherwise, they, like all creditors, concentrate on the low hanging fruit. This person is hardly low hanging fruit with no attachable assets and little to no attachable income. I used to be a bill collector, and some things never change.  
×
×
  • Create New...

Important Information

Guidelines