mortgage "notice of default"
- Hi all,
I have a family member that has received a Notice of Default on their
2nd mortgage. The interesting thing is no statement of payment due has
been sent out in over the last 4 years ( the 2nd mortgage has been in
effect since 1997. The sad part is that one of her family members was
to make the payment and after a few years the payments were no longer
being met. I've read somewhere where there are groups that
promote "mortgage elimination" programs stating that once a mortgage
goes into default and is sold to another lender it's like a charged off
debt. Any insight or help on this matter would be greatly appreciated.