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  1. #1
    Join Date
    Jul 2016
    Posts
    8

    Default Collection of a Second Mortgage After the Foreclosure of the First Mortgage

    My question involves collection proceedings in the State of: Illinois

    Purchased a home in 2004. I didn't have a down payment so the lender wrote a primary loan and a secondary loan to serve as my down payment. I paid them together each month. Never missed a payment.
    I Moved out of state in 2011. House was on the market for two years, no buyer. Offered a short sale to the bank, they refused. Home foreclosed upon in 2013 after two years in court. I was never contacted, never went to court, never had any dealings with the lender other than I wrote them a letter about my dilemma. I couldn't continue to make 2 house payments any longer.

    The matter was closed in 2013 according to court records. Or so I thought. I was served recently by a "recovery service" which I gather is a collection agency. They are attempting to collect the second mortgage. This matter has effected my credit, of course, but I have been rebuilding it successfully. This is the ONLY blemish on my credit.

    I can't find an attorney to help me with this matter. Does anyone have any advice?

  2. #2
    Join Date
    Oct 2006
    Posts
    16,474

    Default Re: Foreclosure in 2011, Newly Filed Case to Collect on the Second Mortgage

    Quote Quoting grandy1970
    View Post
    My question involves collection proceedings in the State of: Illinois

    Purchased a home in 2004. I didn't have a down payment so the lender wrote a primary loan and a secondary loan to serve as my down payment. I paid them together each month. Never missed a payment.
    I Moved out of state in 2011. House was on the market for two years, no buyer. Offered a short sale to the bank, they refused. Home foreclosed upon in 2013 after two years in court. I was never contacted, never went to court, never had any dealings with the lender other than I wrote them a letter about my dilemma. I couldn't continue to make 2 house payments any longer.

    The matter was closed in 2013 according to court records. Or so I thought. I was served recently by a "recovery service" which I gather is a collection agency. They are attempting to collect the second mortgage. This matter has effected my credit, of course, but I have been rebuilding it successfully. This is the ONLY blemish on my credit.

    I can't find an attorney to help me with this matter. Does anyone have any advice?
    How much money are we talking about?

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