Frederick J. Hanna coming after 2nd mortgage after Foreclosure

My house got foreclosed on in December. I had an 80/20 loan. Frederick J Hanna contacted me a month after my foreclosure saying they represent Bank of America and I owe my 2nd mortgage for 50K. I told them i don't own the house and it was foreclosed on. He said only bankruptcy can save me. I'm 26 and already have a foreclosure i don't want bankruptcy. I've heard a lot of the dirty tactics of Frederick J. Hanna but don't know if i've seen information relating to mortgages. Anyone please help me what should i do? Should i just keep questioning proof of debt? please please help

You can easily call BOFA to verify that they placed the account with Hanna.

Yes you were foreclosed on. However if the 2nd was not paid, you still owe it. Bankruptcy wont kill your credit any more than it has probably been damaged. Being sued will hurt your credit just as bad. Talk to a bankruptcy attorney.

I called BOA and after an hour and a half of transferring back and forth they said that both my loans were listed as foreclosed and they only contracted a real estate law agency regarding the foreclosure which was Samuel L White. I have dealt with them before and I signed with them my cash for keys contract and they foreclosed my house. I don't have any real pending issues with them. I asked over and over and over again if there was any other people they referred or sold my loan to and they kept saying they didn't see anything and they would know if they sent it elsewhere. I told them Frederick J. Hanna is contacting me stating that they were referred by BOA and she said to ignore them and that on their end I am all good. What are my other options? Should i call BOA back and ask them for documentation? Should I contact Frederick J Hanna and tell them I don't own the loan, i don't know anything about it, and that BOA has no knowledge of them and what they are doing is illegal?

Please advise. Thanks!

Ok now I got a hold of someone that knows what they are talking about at BOA and they stated that they have sold my 2nd home loan to Frederick J. Hanna. What are my options? Am I forced to pay the 54,000 i don't have? Has anyone been through this before?

You owe the debt. Read my post above.

I will apologize in advance if I missed something from one of your previous posts, but I'm going to ask whether or not you received something in writing from Hanna & Associates. If so, it should list the previous creditor and the current creditor; this should tell you who currently owns the debt. The reason I'm inquiring about this? Fred Hanna's office doesn't usually purchase bad debt - they simply collect it. Now, I could be wrong, as they may have discovered a gold mine in the way of foreclosed 2nd mortgages, but I just haven't seen any of this type of activity involving Hanna's office.

If you are correct, and Hanna did purchase the debt, I'm confident that you can negotiate a settlement, but if I were you I wouldn't do anything until after you have something in writing from Hanna's office, which will help clear up a few of these details for you. And, if settlement is not an option for you, I suggest that you speak with a bankruptcy attorney to determine your qualifications, and whether or not this is a good option for you. I'm betting that it is, as this is a fairly large balance.

Good luck!