topic Re: Need Some Help!!!!!!!!!!!!!!!!!!!!! in Rebuilding Your Credit

Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 14:28:39 GMT

Spoke with my LO yesterday and he told me every thing looks good exsept my repo from 2001 which is going to be coming off in December 2008 he told me that to be able to go through with the loan I would need to settle with them (I dont have the cash for that) or set up payment arrangements. My question is if I do that will the SOL start all over again or will it still fall off in December? Thanks.

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 14:34:17 GMT

jwilley51m wrote:

Spoke with my LO yesterday and he told me every thing looks good exsept my repo from 2001 which is going to be coming off in December 2008 he told me that to be able to go through with the loan I would need to settle with them (I dont have the cash for that) or set up payment arrangements. My question is if I do that will the SOL start all over again or will it still fall off in December? Thanks.

It will still fall off in December, no matter.

If you set up payment arrangements and then make a payment, almost sure that the SOL will be reset. However, it depends on your specific state.

How SOL expired for this debt? If it has, try explaining to your LO that you are not legally responsible for this debt anymore. I've seen people say that they have gotten approved without being required to pay once they've proved to their LO that they are not legally obligated to pay the debt.

What state are you?

Message Edited by sidewinder on 07-11-2008 07:34 AM

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 14:51:10 GMT

Arizona

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 14:58:02 GMT

jwilley51m wrote:

Arizona

Google Arizona Statutes of Limitations and you should be able to find some information.

If 2001 was the last date of activity, and reset hasn't been reset in any way, then it appears you would be past SOL as of now.

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 15:09:01 GMT

Are you going FHA or conventional?

I would be happy to give you a referral in AZ>

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 15:15:42 GMT

Timothy, would you happen to know anyone that could assist in the state of Florida?

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 15:21:14 GMT

Sorry No- I have several freinds and clients in AZ in the mortgage biz.

Miss1975 wrote:

Timothy, would you happen to know anyone that could assist in the state of Florida?

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 15:22:12 GMT

Okay, thanks a lot.

Re: Need Some Help!!!!!!!!!!!!!!!!!!!!!

Anonymous — Fri, 11 Jul 2008 15:31:23 GMT

I'm going FHA