You also might want to add some details as to whether you lost the home in foreclosure or short sale.
Best of luck
Pull your original loan file and bring it with you. Whether this loan was a purchase money loan, or a cash out/re-fi loan where the monies were used for things other than the house will make a difference.
They charge $200 for a one hour consultation that will explain all of that. If it turns out that you are still owing on that debt then you may want to talk to a bankruptcy attorney to see if that is an option to consider to wipe off that debt. Scott CoBen is excellent and provides a free one hour consultation.
Last, i hope you're working with a good accountant. The CA and Federal Tax Relief act expires at the end of this year. No one is banking on it being extended so you may have some tax implications to consider as well. Ed Cook at (916) 705-4958 is an excellent resource....but talk to the attorneys first.
Check with an attorney, or legal aid to see what you can do to get it off your record. If it was a foreclosure it will probably take some documentation, many letters and phone calls, and a good deal of patience and perseverance.
Cindy Schlee, Realtor
Grand Rapids, Michigan
A great one would be Steve Beede or an associate attorney at the BPE Law Group:
BPE Law Group, Inc.
Main: 11140 Fair Oaks Blvd., Suite 300, Fair Oaks, CA 95628
Satellite: 9245 Laguna Springs Dr., Suite 200, Elk Grove, CA 95758 (Appointment Only)
Hope that helps
Keisha Mathews, REALTORÂ®
CDPEÂ®, HRCÂ®, HAFAÂ® Certified
The Short Sale Lady(sm)
Century 21 Landmark Network
(916) 370-1803 cell/direct
(916) 405-3886 fax
Wellllll...if you still owe on your second loan, it's gonna be hard to get it off your credit without paying the loan off!
If your home foreclosed, and the second lien holder is claiming you still owe them the amount ot the loan, you should consult a real estate attorney and find out your responsibilities or solutions to this problem.
You can also write a letter to each of the three credit reporting agencies and challenge the information on your report--to have it removed--if you believe the information being reported is incorrect.
Call that loan servicer and ask them why it still shows as a balance (?) on your credit report. It may be a clerical error (imagine that!).
Also, you may want to check with an attorney on this, as well.
In order to remove from credit, that lender has to report it as a zero balance...