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Home  »  Consumer Reviews  »  CONSUMER  »  ASC foreclosed my house and didn't pay off loan
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ASC foreclosed my house and didn't pay off loan
Apr 21, 2008
Americas Servicing Company complaint
My home went into foreclosure last august from ASC. I had an 80/20 loan with them and the money they made from the auction paid off the first mortgage but they didn't apply any to the second mortgage. So now they are reporting that the first mortgage was foreclosed and the second mortgage is still open and past due. I thought that when a house goes into foreclosure that is for the whole mortgage. How can I dispute this with them or who can I contact to help with this matter. Any suggestions? Please email me This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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  Comments (4)
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1. Written by Randy Dake, on 07-05-2008 18:56

Contact the Corparation Commision of your state they should help ASC is owned by Wells Fargo who are just as stupid

2. Written by KNOWLEDGE, on 30-04-2008 21:12

they wont actively collect the debt but it will still show on your credit until they are able to write off the debt

3. Written by Say No, on 25-04-2008 18:54

The First foreclosed and wiped away the second. This only means that the house is not the collateral for the second. 

They can still try to collect from you or issue a deficiency judgment.

4. Written by Investor, on 21-04-2008 17:23

The first foreclosed and wiped out the 2nd since you no longer own the property they cannot come back on you at least if you live in CA.

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