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About Al Rodenburg
Expertise
Well...looks like I can see the light at the end of the tunnel (and it's not an oncoming train!). Seriously...for the last several years, underwriting guidelines have continued to change and become more restrictive; but it finally appears that they are heading in the "right" direction. My goal has always been to help the consumers and investors, as well as making the process as quick and transparent as possible. If you'd like to contact me directly, visit mortgageoffice.com.

Experience
Over 12 years, originating primary residence and investment propery mortgage loan financing - with an emphasis on making the process as simple and quick as possible for the consumer.

Education/Credentials
Principia College, Florida State U.,University of Illinois-Chicago, Roosevelt University and Lake Forest School of Management.

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Real Estate Home Mortgages - charge off

Expert: Al Rodenburg - 11/9/2009

Question
due to bad times, i was not able to pay my mortgage. i tried to rent the property and sell it but was not successful. its been over a year since a payment was made on the loan. now the bank has charged off the account and said they would not foreclose.
im trying to get answers as to what this means. are they just going to allow me to live there for free? what is next?

Answer
Unfortunately, I am no longer involved in the mortgage industry; but I do have several old friends who have toughed it out; if you'd like me to forward your Question to them, just email me at: mortgageoffice@gmail.com and I will forward on to them.
p.s. disregard the automatic response from that email address; I should still get your email.
- Al

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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here