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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Foreclosed - now 2nd has sent me to collections! Posted by Cin on April 03, 2008 at 1:30 PM We are in CA and foreclosed earlier this year (January 2008 - Happy New Year). We were upside down, had a 1st and 2nd. After being on the market for over a year and falling out of escrow 4 times, we couldn’t hold on anymore. Apparently, the 1st purchased the home at auction. I just found out the 2nd has sent us to collections. Their tactics have been brutal and they are trying to make me agree to many terms over the phone. The collector put me on hold and called the 2nd and they say the 1st purchased the home, only used the funds to pay off their loan, but the 2nd was left with nothing therefore *we* are liable and need to pay back. What should my next steps be? Are we really responsible for this balance? Thanks for any info you can provide! It is MUCH appreciated. Follow Ups: Re: Foreclosed - now 2nd has sent me to collections! Jinger 9:09 PM, 04/20/08 (2) Re: Foreclosed - now 2nd has sent me to collections! CC in OC 7:39 AM, 04/21/08 (1) Re: Foreclosed - now 2nd has sent me to collections! Jinger 9:02 AM, 04/23/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : We are in CA and foreclosed earlier this year (January 2008 - Happy New Year). We were upside down, had a 1st and 2nd. After being on the market for over a year and falling out of escrow 4 times, we couldn’t hold on anymore. : Apparently, the 1st purchased the home at auction. I just found out the 2nd has sent us to collections. Their tactics have been brutal and they are trying to make me agree to many terms over the phone. The collector put me on hold and called the 2nd and they say the 1st purchased the home, only used the funds to pay off their loan, but the 2nd was left with nothing therefore *we* are liable and need to pay back. : What should my next steps be? Are we really responsible for this balance? : Thanks for any info you can provide! It is MUCH appreciated. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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