Hello, I found this website very useful when my first mortgage with Nationstar was modified and I got a HAMP approval back in 2013. I did not pay the 2nd mortgage as my house was underwater. Now my house is above water and I have been trying to negotiate on my own but never gave them any of my financials. On 11/27 I received by mail a notice of intent to foreclose. Details below:
1st Mortgage Nationstar $463,000 hamp modification and it is current
2nd Mortgage SLS $116,000 stopped paying in 2009
Chpt 7 Bankruptcy in 2010 discharged but both banks still have a lien.
Zillow value approximately $613,000
SLS is asking for a payment of $82,000 to bring the account current by the end of December (Merry Christmas?) I would appreciate anyone's help on here on how to deal with them, but I see others on here who have not had good luck with SLS. Per MERS the investor for SLS is NY Bank of Mellon. Of course we would like to keep the house, but my question is whether the letter is just a scare tactic or should I start the countdown on a CA foreclosure. Any other advice would be greatly appreciated and I reside in San Diego, CA.
Thank you,
Rudy
1st Mortgage Nationstar $463,000 hamp modification and it is current
2nd Mortgage SLS $116,000 stopped paying in 2009
Chpt 7 Bankruptcy in 2010 discharged but both banks still have a lien.
Zillow value approximately $613,000
SLS is asking for a payment of $82,000 to bring the account current by the end of December (Merry Christmas?) I would appreciate anyone's help on here on how to deal with them, but I see others on here who have not had good luck with SLS. Per MERS the investor for SLS is NY Bank of Mellon. Of course we would like to keep the house, but my question is whether the letter is just a scare tactic or should I start the countdown on a CA foreclosure. Any other advice would be greatly appreciated and I reside in San Diego, CA.
Thank you,
Rudy