06-12-2013 06:34 PM
Anyone ever experience Real Time Resolutions? They are reporting as a conventional real estate loan including purchase money first.
He had a 1st mortgage with WAMU/Chase starting in 11/05. Chase was sold to Wells Fargo in11/05 and the balance was around $165k. Home was foreclosed and then sold for $183,500. So the 1st mortgage was covered just fine. The 2nd mortgage was covered from a HELOC through BofA. He is aware he still owes on the remainder of that loan.
OR it could have been from his other home that was foreclosed on at a different time.
Onewest (1st Mortgage) opened 10/1/06 and the 2nd mort for Onewest opened 9/1/06....later foreclosed on and a defiency judgement was waived for BOTH the 1st and 2nd. So when the home foreclosed there was nothing else to collect on from him.
Where in the world did Real Time come from. They are saying this account opened 10/1/06. This isn't even valid. As far as we can see.