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Old 04-04-2008, 11:08 AM
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Join Date: Apr 2008
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Foreclosure Sale

What is the name of your state? Nevada

My home went into foreclosure and sold in January 2008. Countrywide has apparently sold the second mortgage - I assume the house just sold for the first mortgage amount or less - and now I have received a letter from United Mortgage sayng I have to start paying them. I called and asked what was the security for this loan and they said it was unsecured. I didn't have the house anymore, but I still had the note. How can they sell a note that was secured by a home, when I no longer have the home and do I have to pay it? Thank you.
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Old 04-04-2008, 11:15 AM
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Join Date: Jan 2005
Posts: 21,711
You need to pay it because you borrowed it. The status of the "security" is not relevant to that fact.
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