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Chase is trying to collect on the balance of my 1st mortgage after I did a short sale! Need advise

Posted by James on September 14, 2010 at 7:54am

Any advise on how to handle this aweful situation that I am in will be of great help!

I did a short sale with Chase and sold the house in July of this year and I just got contacted by a collection agency representing Chase to collect on the $176,000 that is the balance of the loan after the sale of the house. I had to pay my second lender $30,000 to settle and now Chase is coming after me. I was told by my realtor that when I did the short sale that in alot of cases the second will come after you and that is why I settled with them but almost never the 1st comes after you and now they are.

Need suggestions on how to get Chase to drop this, anytihng is welcomed!!!!

James

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Comments

  • Wendy Rulnick September 14, 2010 at 9:02am
    James - You definitely need to contact an attorney. I am curious to see how your Chase approval letter was worded, too.
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