Household Finance Settlements.....

By
Real Estate Agent with Smart Green Realty

Thank goodness the dark days of predatory lenders and risky financing seem have receded. My seller was shocked when HSBC turned up with two loans instead of one from back in 2000. Since then, the Justice Dept. has been working to straighten out companies that used to be known as Household and Beneficial. My seller got an attorney and was able to reduce the amount owed. And wonderful surprise! One loan was dismissed as a result of class action litigation. I don't understand the restructuring, but if you have a seller who has a secondary mortgage with HSBC, definitely get legal help. That seller may be entitled to relief. 

Comments (1)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Wow one was dismissed that is great.  You did that client a lot of good.

Sep 13, 2014 04:58 AM