Question: i have a home in Maryland that has been foreclosed I had an 80/20 loan with the 20 being a line of credit. My mortgage company is asking for full amount 50,000 without budging and threatening to garnish my paycheck by taking me to court. Is there any way of stopping or slowing them?
Answer: – Yes, but you may not like it…
One way to stop the mortgage company is to file bankruptcy. Depending on your situation, sometimes this is the best solution. It’s always a good idea to sit down with an attorney who deals with situations like these and ask for help. [Read more…] about Maryland foreclosure and line of credit