Second Mortgage( Citi) was sent to Debt collection after foreclosure
Date: Thu, 10/21/2010 - 13:43
After trying to do short sale, my home got foreclosure last month.
Fannie Mae bought the home and cleared the First Mortgage( BOFA) .
But the the second mortage from citi has sent it to debt collection( LTD Financial Services, TX). They are calling me every alternate day. They have sent me the letter asking me to pay the debt. I still have time till Nov 5 to reply with Debt Validation.
Did anybody go this process. Do i have to pay this debt since my home got foreclosed.
What are the best option. Please help.
Fannie Mae bought the home and cleared the First Mortgage( BOFA) .
But the the second mortage from citi has sent it to debt collection( LTD Financial Services, TX). They are calling me every alternate day. They have sent me the letter asking me to pay the debt. I still have time till Nov 5 to reply with Debt Validation.
Did anybody go this process. Do i have to pay this debt since my home got foreclosed.
What are the best option. Please help.
Yes you are still responsible for the balance of your 2nd mortga
Yes you are still responsible for the balance of your 2nd mortgage since it was not paid off.
