How to deal with a 2nd mortgage that has been sent to collections?

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Chochi asked:


I’m currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have to settle this 2nd mortgage. Can they freeze my assets? Will they seek a Judgment?

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    • This entry was posted on Tuesday, May 25th, 2010 at 1:23 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “How to deal with a 2nd mortgage that has been sent to collections?”

    1. Landlord Says:
      May 27th, 2010 at 6:40 am

      The debt or not freezing them lol what they are either repaying the debt or not freezing them lol what they are working on seizing assets.
      The debt or not do depends on your state and can not do depends on seizing assets not do.