Foreclosure

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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?

Follow Ups:

• Note Sales Are Normal - Keith(CA) 19:02:20 11/26/04 (2)
  • Re: Note Sales Are Normal - Nick(Colorado) 15:35:15 11/27/04 (1)
    • Thanks for the followup (I learn too)... n/t - Keith(CA) 17:47:11 11/27/04 (0)
• Re: Foreclosure (url) - Janie 14:18:45 11/24/04 (0)

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: 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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