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Old Apr 15, 2016, 10:25 PM
emijec emijec is offline
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Member Since: Oct 2015
Location: Bay Area, CA
Posts: 226
Quote:
Originally Posted by Shy Introvert View Post
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Oh wow, I sure hope that's the case! We ARE behind on our mortgage. We also got an official letter in the mail. How can we tell this is a scam for sure?


well... there should be a telephone # listed and a Trustee sale no. (T.S. xxx) you call and can check with a person or their automated system. depends on who's handling the sale.

you can also check with the County Recorder's office . all documents that get recorded against the property like tax
liens, mortgages, judgment liens, mechanic's lien, get recorded there. by state law Notices of Default and Trustee Sale notices get recorded too. in the 7-8 years I've worked in he bankruptcy law office did I see only once and advertisement disguised as a notice of default. my boss called and yelled at the agent . but if they posted that on your door, I would take it seriously. I would just check it myself.

CA state law is also specific about whether you will be personally liable for mortgaged. purchase money loan, refinanced loan, home equity loan. there are tax consequences .

the rest of the stuff I know is bankruptcy... so. if you want to walk away from the property that's an option, if your goal is to save the house and you need to catch up on past due balances there are several options in bk. or even if you start off wanting to save the house, get in bk and then change your mind , there's an outcome to that . there are so many variables that get considered, bk can get complicated bc of a person assets and liabilities.


the rest of the stuff is bankruptcy

Last edited by emijec; Apr 15, 2016 at 10:43 PM.