U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 02-02-2010, 08:26 PM
1 posts, read 1,601 times
Reputation: 10



I need some advice. My rental in California foreclosed in August of last year. I tried to do a short sale but the it fell through, and consequently, the second mortgage didn not get any money. Both loans for were used to purchase the home.

I have already received a 1099 for the first mortgage, but the second mortgage sold their loan to a collections agency/mortgage servicer, who is trying to collect the balance.

Can someone tell me what options I have regarding the second mortgage? Is this a legit claim from the collections agency?

State: California
Collections company: Real Time Resolutions Inc.
Property Type: Rental
Loan type: purchase money

Thanks in advance,
Reply With Quote Quick reply to this message

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top