Foreclosures Discussion Archive 11

Foreclosure

Posted by Buck Green on November 24, 2004 at 08:19:38:



I filed bankruptcy in 2002. I had a home with a first and second mortgage, the latter being due to a home equity loan from GMAC(DiTech). I continued living in the home and paying the first mortgage. Recently, the second mortgage "transferred" to another company which wants me to sign a Deed in Lieu of Foreclosure. However, when I refused they are now offering me "some money" to move and make a fresh start. Sounds suspicious. Was this "transfer" legal?



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