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    Short Sale With Promissory Note

    Hi Moe, Just to update to you about The Bank, i did contact last Thursday, the contact person said my credit report should be correct, i told him it wasn't, it still show the derogatory info, he asked if i had info showing, i said i did, he asked me to send it to him, i faxed it right away, i...
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    Short Sale With Promissory Note

    Hi Moe, Thanks for the input about my situation. I was wondering, since i am still paying the on the original promissory notes and never missed a payment, can the bank still update my credit report with the charge off, account closed info? I did contact them, since they never contacted me, the...
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    Short Sale With Promissory Note

    I did 2 short sales over 4 years ago, i had to sign 2 promissory notes in order to close, they property was in Las Vegas on 2 investment condo's, after 4 years of paying the notes, all of sudden the bank Pyramax Bank) has put derogatory info on one of the credit bureaus,( account closed, charge...
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    HI Moe,I did 2 short sales over 4 years ago, i had to sign 2 promissory notes in order to close...

    HI Moe,I did 2 short sales over 4 years ago, i had to sign 2 promissory notes in order to close, they property was in Las Vegas on 2 investment condo's, after 4 years of paying the notes, all of sudden the bank Pyramax Bank) has put derogatory info on one of the credit bureaus,( account closed...
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    New HAMP guidelines for Income Property, loan is with Indymac Mortgage

    Hi, I haven't contacted my lender yet, still do research and deciding which way to go, just wondering if getting a attorney involved at the start will be good idea if i want to try for loan mod under the new HAMP for my rental property serviced by IMM, thanks again in advance... Leo
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    New HAMP guidelines for Income Property, loan is with Indymac Mortgage

    Hi Tom, Thanks for the reply. The reason i put down IMM was that they still list Indymac Mortgage on my current statement, it say Indy Mac Mortgages, in large print and it list Division of One west bank in small print next to it. For some reason they keep the Indy Mac name for Mortgage...
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    New HAMP guidelines for Income Property, loan is with Indymac Mortgage

    Hi Cat, Thanks for replying, i'll just keep checking back about the New HAMP guidelines and will follow the thread. Thanks Leo
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    New HAMP guidelines for Income Property, loan is with Indymac Mortgage

    Hi, New to this forum, here is my story: Lender is Indymac Mortgage, no 2nd mortgage Property is 4plex and Las Vegas NV Purchased in Sept 2004 Purchase price 355,000 Loan balance as of Jan 2012, 231,530 Zillow estimate 151,350, maybe actually lower Original loan rate 5.875% with 5 year fixed...