I had an 80/20 loan when I purchased out home back in 2008 (Utah) and we foreclosed due to loss of job (has been 3 years out of foreclosure). The loans were both with ResMAE out of CA. I have not been made aware that we are being sued (Have not received any legal paperwork), however my wife has been receiving collection notices for the 20% which is about $31,000. Do we have any options to get this $31,000 dismissed/charged off as foreclosure as opposed to filing chapter 7?
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Deficiency Balance/Judgement - Utah
- Thread starter Deverall
- Start date
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