Is recovery fortifolio tactics leagal ?
Date: Mon, 11/27/2006 - 05:10
I lost my home to forclosure. My mortgage company hsbs , bought my hame back at the shirff sale . At the shriff sale, they sold my home for 49k less than the balance owe . Now recovery portifolio they want to recover from me this 49k deficiency difference ! Is this leagal and what can i do tosave my deceased parents home with my name on the title as an aier ???
1-773-379-****
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Hi, welcome to the forums! Sorry to hear about your situation
Hi, welcome to the forums!
Sorry to hear about your situation. What was the circumstances before your home getting foreclosed? Did you have a monthly mortgage payment you were making? Have you seeked any type of legal counsel?
1. No ! My furnace bursted in january of 2003 . 2. 6 water pi
1. No ! My furnace bursted in january of 2003 .
2. 6 water pipes also cracked , and turned the basement into a ice cannon !
3. All my tenants had to move out and i could not pay the mortgage payment for 4 months , thus; in may the folclosure papers came !
4. I had an attorney to file in lieu of forclosure , but obviously it did not go thru ???
Please help! Please help ! What can i do ?? Will they accept 10
Please help! Please help ! What can i do ??
Will they accept 10 percent thesame ifi file a bankruptcy / which i really don't want to do !!!!
Looking at your situation, I will advise you some professional h
Looking at your situation, I will advise you some professional help. Unfortunately, the situation seems not to be in your favor. You should take legal help if bankruptcy is the only option if suggested by a debt counselor. You will have to pay the deficit balance because that was not recovered when the sale took place. For this, the company can take actions and you can stop that either by payment arrangements or file bankruptcy for it.
