Tuesday, December 29, 2009

Aurora Loan Services Offer- Too Good To Be True?



A homeowner recently emailed me quite concerned about a letter she received from Aurora Loan Services. She had a second mortgage with them for $29,700 at 12% interest. She had never been late with her payments and was not selling as a short sale. The Aurora letter stated she could pay her loan off now at about one-third what was owed, and would have no further obligation on the note! Dear Customer:
Aurora Loan Services, as a servicer of your loan, has been authorized by the owner of your second mortgage to offer an opportunity to pay off your loan at a reduced amount.
Upon receipt of the reduced payoff funds in the amount of $10,400, your loan will be considered paid in full. Aurora Loan Services will report your account paid in full to the applicable credit reporting agencies and send the necessary documentation to release the second lien from the public records.
If you elect tp participate in this special payoff offer, Aurora Loan Services will file an IRS 1099-C Form for the amount of debt forgiveness.
Please be advised that certified funds (in the form of a cashier's check or money order) must be received by Aurora Loan Services no later than the close of business on January 29, 2010. If the funds are not received by this date, the offer made in this letter will be rescinded and considered null and void.
Certified payoff proceeds must be made payable to and remitted directly to Aurora Loan Services. If you have any questions, please contact one of our representatives by calling 866-459-3059Is this offer for real? Apparently so, as the borrower called Aurora Loan Services and confirmed it. They said they were doing it "to help people" and their phones were "ringing off the hook". And what a deal - even with tax consequences, it seems to make sense to pay $10,400 and save almost $20,000 in cancelled debt and interest payments! I advised the borrower to consult with an attorney, as she questioned sending in a cashiers check with only the letter to prove her mortgage would be paid in full.
Why is Aurora really doing this? Perhaps the investor on this loan is looking for some quick capital to cover losses? If you have any similar experiences with Auorora Loan Services, report it here.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

Labels:

48 Comments:

Blogger Jeffrey said...

I have a customer that had the same letter only his loan with Aurora loan Sevices was for 97887.54 and the payoff amount is 34260.64. I informed the customer to research it and get an attorney? Make sure you have all the legal docuemnts from Aurora Loan Services. Is this too good to be true? I have no idea?

December 30, 2009 at 12:48:00 PM CST  
Blogger Wendy Rulnick said...

Jeffrey - My customer confirmed it was true. I would suggest they call the number on their mortgage bill, to make sure, not the one on the letter....

December 30, 2009 at 12:58:00 PM CST  
Anonymous Anonymous said...

Has anyone sent in money on this and verified loan was paid in full?

January 14, 2010 at 9:45:00 AM CST  
Anonymous Anonymous said...

I've received this letter as well and have called Aurora to confirm the offer is real multiple times. I am still skeptical about sending in $17k though. They will not send out any other documentation. Has anyone done this and verified it yet?

January 15, 2010 at 9:38:00 AM CST  
Anonymous Anonymous said...

I as well have called several times, i am going to go ahead and send the money in. My Attorney said they will be forced to release the lien as the letter states the loan will be paid in full and lien released. Problem is what if they are going under and just taking people's money then file bankruptcy. I am not sure what to do but i am sending it in so i will let everyone know if its a scam next week.

January 15, 2010 at 1:17:00 PM CST  
Anonymous Anonymous said...

I just sent my money off today made a copy of everything and post lady said to make them sign for it so i did, which proves they received it, I will find out Tuesday if it is a scam. I will let everyone know then

January 15, 2010 at 2:13:00 PM CST  
Blogger Wendy Rulnick said...

THANK YOU- Please post what happens!

January 15, 2010 at 2:18:00 PM CST  
Blogger Jacob said...

Yes please post your findings. My funds are due on January 29, so I need some good evidence soon. Thanks for contributing!

January 18, 2010 at 2:28:00 PM CST  
Anonymous Anonymous said...

I also received the same letter. Balance is 38K and payoff amount is 17.5K. It says to send certified funds into a PO box! That is a huge red flag. I called both numbers and they verified everything to be legit. I received a phone call last week and they asked if I was going to take advantage of this offer. That seemed strange to me. If they really want to do this, I am going to wait and see if I can get confirmation from the investor directly. This just seems to good to be true, and you know what that means. Simple process, pay money and get something (papers). Not happening here and I think it's a scam. Be careful. For the brave ones who do it, I wish you the best and please let us know if it works. If not, we need to get Attorney General involved in this.

January 18, 2010 at 5:17:00 PM CST  
Anonymous Anonymous said...

I contacted the Colorado Better Business Bureau and had them look into the offer before I send in my money. Here is her response...

The company representative contact that we have on file confirmed that this is indeed a legitimate offer. The offer does expire on January 29, 2010. I believe it was just a poorly written letter on behalf of the company and I have an appointment to talk more closely with their compliance department about my advertising concerns.

January 19, 2010 at 11:34:00 AM CST  
Anonymous Anonymous said...

I also received this letter, my second loan is for $60,000 and the payoff amount is $21,000. I contacted them and after being on hold for 30min finally spoke with someone. My felling is it’s not a scam, but it does make me nervous to send a check for $21,000 by mail. Has anyone asked about wiring money from there bank? Thus being a more secure way to pay off the loan. I have my first and second loan from Aurora loan services and when I called to talk about the loan they were able to pull up all my information about the first loan and suggested doing a refinance or loan modification on the first loan. The lady said she was going to send me a package of paper work for doing that and I got it a couple days later in the mail. I don’t think they would know all that information and send me paper work if it was a scam. Just a bit of info Aurora Loan Services was a Lehman brothers company that as you probably know went bankrupt. I’m going to proceed with paying off the loan, but I would feel better about wiring the money. I’m going to call them today and see if this is an option, if they will not accept a wire transfer it might raise a red flag for me. Please let me know if you have paid? Thank You.

January 20, 2010 at 12:57:00 PM CST  
Anonymous Anonymous said...

I also received this letter, my second loan is for $60,000 and the payoff amount is $21,000. I contacted them and after being on hold for 30min finally spoke with someone. My felling is it’s not a scam, but it does make me nervous to send a check for $21,000 by mail. Has anyone asked about wiring money from there bank? Thus being a more secure way to pay off the loan. I have my first and second loan from Aurora loan services and when I called to talk about the loan they were able to pull up all my information about the first loan and suggested doing a refinance or loan modification on the first loan. The lady said she was going to send me a package of paper work for doing that and I got it a couple days later in the mail. I don’t think they would know all that information and send me paper work if it was a scam. Just a bit of info Aurora Loan Services was a Lehman brothers company that as you probably know went bankrupt. I’m going to proceed with paying off the loan, but I would feel better about wiring the money. I’m going to call them today and see if this is an option, if they will not accept a wire transfer it might raise a red flag for me. Please let me know if you have paid? Thank You.

January 20, 2010 at 1:00:00 PM CST  
Anonymous Anonymous said...

to the person who sent their funds in on jan 15th - any update? did you receive confirmation that aurora recieved your check? have you spoken to them since? as with others my deadline is jan 29th for $40k and i'm curious to know what youve learned. thx

January 20, 2010 at 2:35:00 PM CST  
Blogger Siony said...

Like Anonymous our deadline is also Jan 29th for $46,000. Anymore news from those that have sent their money already? Thank you

January 21, 2010 at 12:38:00 PM CST  
Blogger JM said...

I received offer also to payoff a 2nd on a vacation home, we owe 97K, they are offering 34K to release liability on loan.
I am skeptical of the offer, I get feeling something else is going on. I have researched the company and they seem to be unethical and untrustworthy historically and are not to be trusted in general.
Red flags are
1. The deadline is hard, I can't get cash for payoff until mid Feb, they will not extend deadline even when I offered retainer of 20%, this strikes me as odd, what is difference if they get cash 2 weeks later? Is something happening at the company on Feb 1st? bankruptcy or something else that could result in your cash disappearing into a black hole of corporate bankruptcy? If so, no one would get care or ever get your money back?

2. They will not accept wire transfers, cashier's check or money order only?? This seems like a backwoods low end operation in this regard and it definitely is not secure. I have a hard time sending 34K in the mail.

3. Money sent to a PO Box? really? again, why not a wire to a legitimate bank that can be traced and recalled much more readily if necessary?

4. The letter itself seems like a marketing pressure tactic as CO AG stated. Pay us know, quick, hurry! offer expires at midnight! type of deal.

5. Who is willing to give up 60K on a loan? This seems too good to be true and usually that means it is. I accept that maybe the loan was purchased by a third party for pennies on the dollar so this would allow the offer to be still profitable for the other party.

6. Customer service at that company is the worst, no need to say more, just another flag..

There are many reasons to be skeptical here, I will be interested to see if guy who sent in funds reports back. My deadline is the 29th as well..

January 22, 2010 at 2:33:00 AM CST  
Blogger Eric said...

My wife and I have secured the funds to follow through with this transaction. We also had a real estate attorney look into the matter. She dealt with Aurora directly on our behalf. She seems to think that the offer is most likely legit however it could perhaps be false. Aurora was pleasant to deal with on the surface but the further she investigated the matter the less civil Aurora became. In fact they told her that we would have to take them to court in order to find out who actually owns our loan. We are leaning toward going through with the deal however I really would like to hear from someone who has already completed the offer.

January 22, 2010 at 2:23:00 PM CST  
Blogger Eric said...

My wife and I have secured the funds to follow through with this transaction. We also had a real estate attorney look into the matter. She dealt with Aurora directly on our behalf. She seems to think that the offer is most likely legit however it could perhaps be false. Aurora was pleasant to deal with on the surface but the further she investigated the matter the less civil Aurora became. In fact they told her that we would have to take them to court in order to find out who actually owns our loan. We are leaning toward going through with the deal however I really would like to hear from someone who has already completed the offer.

January 22, 2010 at 2:24:00 PM CST  
Anonymous Anonymous said...

We will never know who actually owns our loans here. It could be a single investor or many investors. They are protected under certain privacy laws. Here's the rub. There is very little information about this whole thing. I am so tempted to do this, but it doesn't feel right. It's way to good to be true. The deadline is scary. I think Aurora is either going bankrupt or they are planning to do something different than stated in the letter. As I read over the scenarios, everyone has a high interest rate and seems to be paying the loan. Why would an investor give that up? It doesn't make sense. I have had our financial advisor and attorney both tell us not to do it. Couple that with the fact not one person has come forward with a success, keep you money. If they really want to "write off" these second mortgages, they will come back with another offer. It's just to good to be true.

January 22, 2010 at 10:27:00 PM CST  
Anonymous Anonymous said...

Thanks to everyone for leaving your comments on this letter.... After reading the posts, I've decided to "hold" and wait for 1) a better understanding as to the "sense of urgency" (a sales tactic) or 2) a better offer. I mean, why not? Sounds and feels like "Let's Make a Deal!" Monty always came back with another offer..... and by then, we'll have some report as to the success or failure from those daring souls... who braved the unknown.

January 23, 2010 at 11:20:00 AM CST  
Blogger Siony said...

We agree with the most recent comments. We were ready to cuta check Monday. We first started asking them the same questions via various phone numbers then decided to get it writing via their website. One of the most basic and simple questions they never addressed, answered, and chose to totally ignored was that "once they receive our certified check on the 29th when can we expect paperworks and documentation proving that lien has been removed from our property?" They came back with nothing, simply once again
"just send the certified check to P.O. 630980 Box by the 29th!". If they have answered with a simple a simple "due to volume of response to this offer, we cannot guarantee a specific date but we approximate to get back to you with such and such documents in approx such and such a date" we may have gone through with it. But the fact that they totally ignored this very simple question is very disturbing.

January 23, 2010 at 12:23:00 PM CST  
Anonymous Anonymous said...

My wife and I took advantage of the reduced settlement. Sent funds cert. mail. i called a few days later, they confirmed funds were re'd and said it would take a few days to update the acct. 2 days later our balance on myauroraloan.com showed loan "paid in full no payoff info available". your loan is most likely owend by Lehman Bro's and this is a quick way for them to generate fund for investors that are stll licking there wounds from the collapse of '09. Greg from NY

January 24, 2010 at 5:56:00 PM CST  
Blogger Wendy Rulnick said...

Greg from NY- Thank you for sharing! Many members on the forum were waiting to hear from someone who went through the process with Aurora. Looks like you had a good result.

January 25, 2010 at 8:47:00 AM CST  
Blogger Eric said...

Greg, Thanks for posting. We've decided to follow through with the offer as well after hearing your positive results. I will post if we do encounter any "funny business" from Aurora.

January 25, 2010 at 12:46:00 PM CST  
Blogger JM said...

I thought I would post some research on this offer that I received from my partner on our property, I see that one person is giving a positive result but are they at this point absolutely sure they are free and clear on the loan? unless you get it in writing and verify release it still isn't certain yet on this deal, just because the aurora website says $0 still leaves me wondering, that can be changed in a keystroke by a aurora but there are still other parties involved(also remember you will be taxes on the forgiven debt due the year you received the forgiveness, this can result in a substantial tax bill):

Here are the concerns my partner brought up after having an attorney advise them:

b. scam? - it appears that this is real and the 29th deadline that can't be moved is actually a requirement of the Obama legislation that this "deal" falls under. I say "this deal" beecause I am not sure
exactly what "deal" this is. From what I could find on the internet (besides complaints - see below) is that this "deal" is a catagory of a "short sale." I DID NOT say this is a short sale
but rather a catagory of a short sale. In essence though, the bank is eating the difference between the original loan amt and the 35K. Sounds to good to be true right? That is where the
Obama plan comes in - somehow the plan allows the bank to just forgive the extra amount. ONE big problem is that even after the Payoff, according to what I found on the internet, some
people have had a problem in that the BANK would then own the property and several complaints discussed how they could NOT get a "DISCHARGE OF THE LOAN" notice. We we
planning on having a contract law attorney review this but there is not enough time and, even if we did pay the 35K, I DO NOT TRUST AURORA LOAN services at all after reading the stuff
and complaints on the internet. We would need everything in writing (and even that wouldn't protect us from getting screwed).

c. more hidden fees: it appears there may be hidden fees to actually do the "early payoff" I am not sure about this but wouldn't be surprised since it is Aurora

d. I did try to contact Aurora loan services but only held for 25 mins and then hung up. I guess I am not a diehard like WAyne and John. The internet has mulitple complaints about them. They
used to part of Lehman Brothers and had a restructuring after that. Many people are getting screwed by them and their customer service.

e. IS THERE A PRE-PAYMENT penalty on the loan in question?????????

January 25, 2010 at 7:32:00 PM CST  
Anonymous Anonymous said...

I have posted 2 posts on here so far, here is my third. I sent my check in today. I sent it certified next-day. Unfortunately I may not hear anything until it's on or past the deadline. I talked with Aurora and they said the process begins as soon as they get the check. Hopefully I can get some feedback before Thursday. I will update this when I see or hear something. It's risky, but so is not taking the deal if legit. Also, the amount forgiven will be 1099, which just take that amount and multiply it by your federal tax rate...that will give you an estimate owed in taxes in 2011. It's still a sweet deal. Fingers crossed, Mike in DE

January 26, 2010 at 11:41:00 AM CST  
Anonymous Anonymous said...

Just spoke with an Aurora representative who said, after the payment is processed, to request a "paid in full" or "loan discharge" letter from their customer service (they won't do this automatically). They will also fax the letter. Just curious if anyone has received a fax of this letter from Aurora?

Thanks Wendy, and everyone who has posted.....

January 26, 2010 at 12:37:00 PM CST  
Anonymous Patrick said...

This has been a tremendous forum to discuss this rather intriguing deal; thanks to all who have posted.

I sent my payment on Friday 1/25 after consulting with an attorney, my accountant, and checking the Better Business Bureau, Consumer Affairs, and my State's Attorney General Office. All of my research indicates this is a legitimate offer, which is what prompted me to take it. However, I'm not an attorney, so I would suggest you do your own research before you decide what to do. After several phone calls to Aurora it appears, based on what I was told, that the process of releasing the lien and sending the 1099 form will begin, "within 30 days of receiving the payment". However, the previous comment indicates you have to initiate that process; that is different than what I was told, but I could see how that would be true based on other information on the web regarding Aurora's customer service history. It's probably just a good idea to keep on them about getting the necessary paperwork completed.

I called again today (1/26-my payment was sent certified, and was confirmed delivered yesterday 1/25), and the hold time was 40+ minutes so I hung up. I plan to confirm payment was received and ask for next steps within the next 24 hours. I will report back on what I find. Let's hope this is a valid deal; it's too good to have passed up.

-Patrick in NE

January 26, 2010 at 1:10:00 PM CST  
Anonymous Anonymous said...

Received offer for Aurora reduced payoff. Owed $52,754.18, payoff was $18,476.62. After much checking, we went ahead and sent certified funds which arrived on 1/22/09. Today, 1/26/09 our loan shows paid in full. Yippee! It's the real deal.

January 26, 2010 at 4:00:00 PM CST  
Anonymous Anonymous said...

After consulting with an attorney, contacting BBB, talking with the title company, having a TRIO pulled on the loan, talking with a realtor and mortgage broker who have both heard of this but never personally dealt with it, calling Aurora Loan Services three times “the last time I was on hold for over an hour before I talked with someone” she said they have been having a high volume of call’s concerning the special offer loan pay off. And seeing some of the recent posts I decided to go ahead and send a certified check for the loan pay off.

January 26, 2010 at 8:18:00 PM CST  
Anonymous Anonymous said...

This discussion has been very helpful and provides somewhat of a relief to know there are many of us with speculation and questions regarding this pay off promotion. What a trying experience to attempt to get any additional information or documentation from Aurora Loan Services. After much research, we too have sent a check. I am very intersted in hearing any feedback regarding when/if anyone has received confirmation that this has been reported on their credit as 'paid in full'?

January 27, 2010 at 2:51:00 PM CST  
Anonymous Patrick said...

Hi All,

I posted on 1/26 that I had sent payment and that I would report back on any findings. I did finally reach a live body at Aurora today; he confirmed that payment had been received...despite there being a balance that is, as of now, still showing up online. I asked about that; why there was still a balance showing online and they said something about how the money was being applied, and to disregard what it says. They mentioned that, "the important thing is that we show a zero balance and zero due in our system". Normally I would perceive this as great news, but until I actually see something I will continue to be nervous. I asked if I still needed to make my February payment (which is set up on autopay through Aurora, not my bank), they responded that I did not have to, that they would remove the autopay for me...I, of course, am skeptical of that. I'm going to leave it as it is and hope that the autopay is removed; I would rather pay a relatively small amount than skip a payment.

Other than that, I'm afraid I don't have anything else to report. Payment received... confirmed only verbally from a guy who clearly didn't want to speak with me, and couldn't provide much else as far as useful information. What bothers me most is that the last person I spoke with there told me I would be refunded my January payment; this guy chuckled when I told him that. He said they absolutely will not refund that money.

This entire situation has been extremely stressful, and despite being thankful in a way that some debt is being forgiven, I must say that Aurora has handled this situation poorly. If they really want cash, which is obviously what this is about, they should have gone to great lengths to put people at ease, which translates to more money for them. This has been a giant leap of faith. I will follow up in a week or so. Good luck out there.

-Patrick in NE

January 27, 2010 at 4:58:00 PM CST  
Blogger Siony said...

Patrick, we too send our check of $46K today via USPS overnight express with guaranteed 12noon delivery tomorrow. This has been a very stressful situation involving a lot sleepless nights and does indeed required a great leap of faith. While we have done as much research as possible on this matter, collective prayers that this all works out probably wouldn't hurt.

January 27, 2010 at 5:55:00 PM CST  
Blogger Wendy Rulnick said...

Thank you EVERYONE for continuing to generously post your experience with Aurora and helping others!

January 27, 2010 at 6:05:00 PM CST  
Anonymous Anonymous said...

We just did it too! I hope we don't get screwed on this. I took out another loan in order to payoff this loan. I barely made it to the post office in time to send express mail. I would trade this week for any other because of the back and forth me and my husband were doing trying to decide if this offer is real. I sure hope this works......our payoff was for $42k, which was originally $120k with a balloon payment due in about 6 years.

January 27, 2010 at 10:22:00 PM CST  
Anonymous Anonymous said...

We mailed 47K and it was received 1/25. They applied it to the account on 1/27 and I just checked online and the loan states PAID IN FULL." The release of the lein should be in about 30 days.

Attorney in Boston

January 28, 2010 at 10:09:00 AM CST  
Anonymous Anonymous said...

Like many others on this site, I have achieved success (paying @ $19K for a $54K loan). I thank everyone for all of their input and wish you the very best.

On a more “personal-experience-note,” having no personal relationship with anyone at Aurora, I have yet to have a poor customer experience with Aurora. Every single person I have dealt with has been nothing but professional, courteous and pleasurable. Clearly as the “deadline” approached the volume of calls would escalate, but my max hold time for both calls was less than 10 minutes…obviously if you call at peak times there will be a higher volume of calls. I feel sorry for those who have a bad experience, but then again you receive what you give.

January 28, 2010 at 6:26:00 PM CST  
Anonymous Anonymous said...

I got an offer from Aurora I just could not refuse. I just paid off a $119,000 second mortgage with a $3,570 payment. It was like hitting the lottery!

January 29, 2010 at 3:18:00 PM CST  
Anonymous Mike said...

I did not receive this letter; however ALS says they mailed it to me. I want to take advantage of the offer still so I too can save about 80K off my 2nd mortgage. Last year I tried to modify my loan twice with ALS but they said "no" both times; so they knew that I was one of the people this investor was targeting so that they could protect themselves from a loan default. Therefore, ALS really did a poor job of communicating with me, no 2nd letter in case the 1st was lost in the mail, no email and no phone calls to alert their customers of the offer. They told me last week that they said that they have received thousands of calls from customers that didn't get the letter.



Do you know of anyone to contact to make the offer still valid or a similar offer? Maybe contact the investor who owns the 2nd mortgage? I would think that they investor would want to know that ALS did not target their customers who were in trouble of defaulting, they just sent one mass notice out to all 2nd loan customers. Therefore, the investor still has quite a few troubled 2nd loans out there and most likely did not truly protect himself in the manner that he hoped to initially

February 8, 2010 at 12:50:00 PM CST  
Blogger JM said...

I called about an extension a few weeks ago and they said flat out "no"

I am wondering though if there won't be a second offer is so many letters did not get to the recipients.

Of course we still have no 100% confirmation that this is a clean deal with no loopholes or whatever.

I decided against doing the deal for various reasons after doing a lot of research.

good luck

February 8, 2010 at 1:41:00 PM CST  
Anonymous Anonymous said...

I too finally got in on this deal, am happy to report 23K payoff for a 68K balance, Hope they do it again for the rest and still wonder what was prompting this action at Aurora. PS They have the worst customer service in the world and I am so glad I no longer have to deal with them!

February 10, 2010 at 12:08:00 PM CST  
Anonymous Anonymous said...

I'm late on this post BUT... did you ask the person whom sent you the email who the investor of their loan was? If you work in the mortg. industry you, too, should know that NOT ONLY are borrower's in dire need, but banks and lenders are, too. You know what they say when one makes assumptions....

June 2, 2010 at 12:31:00 AM CDT  
Anonymous Anonymous said...

I am located in Georgia and recently received the same offer from Aurora to payoff a 2nd mortgage with a $52k balance for $23k. I contacted their customer service department in writing online and got a written response confirming the validity and terms of the offer.

I am going to: (1) accept their offer in writing to prevent any potential revocation issue being raised by Aurora; and (2) send the certified funds via overnight mail prior to the deadline which is 02/28/2011.

December 9, 2010 at 7:49:00 AM CST  
Anonymous Anonymous said...

As a follow-up to my post dated December 9, 2010 above, in researching this offer Aurora I discovered there are no tax consequences for accepting this offer.

Under the Mortgage Debt Relief Act of 2007, taxpayers may exclude income from the discharge of debt by their lender on their principal residence from 2007-2012. In other words, a borrower will not be taxed by the IRS on the mortgage amount forgiven by Aurora. You are required to file form 982, but there are no tax consequences.

For more informaiton, see IRS Publication 4681 and IRS news release IR-2008-17.

December 13, 2010 at 8:13:00 AM CST  
Anonymous Anonymous said...

I too received this "too good to be true" letter from Aurora. I went to a CPA and a lawyer. I was advised by the CPA that the balance would not be taxed due to a relief and the lawyer also said it was a real deal as far as he could tell. Meaning at the least if they don't hold up their end of the deal I would be able to recover my "payoff" amount. I am sending my check on Feb 1st. Hopefully I won't hear anything negative in the meantime and this will work out. Also, Aurora is a horrible company to deal with. I have had nothing but a hard time and inaccurate information from them. I have been in the process of a modification since March of 2010. Still waiting on that too. Wish me luck and keep us posted.

January 11, 2011 at 4:16:00 PM CST  
Anonymous Anonymous said...

just curious - did the person of the post dated 1/1/11, make the payoff amount and have you received any paperwork indicating you are paid in full? i want to pay my 2d off but am concerned that aurora will mess it up. pls let me know how it went for you. thx

February 9, 2011 at 2:21:00 PM CST  
Anonymous Anonymous said...

Just overnighted my reduced mortgage payoff funds to Aurora. Will let everyone know what happens when I hear something back from them.

Attorney in Georgia

February 15, 2011 at 11:39:00 AM CST  
Anonymous Anonymous said...

Aurora noted my loan as "paid in full" after I sent my reduced payoff. It does not appear to be a scam!

Good luck everyone ...

Attorney in Georgia

February 18, 2011 at 12:49:00 PM CST  
Anonymous Kristi said...

My husband and I took them up on their offer in 2010 (paying 14k for 32k). It was paid in full, and there were no tax penalties. A year and a half later, everything is still good. Now if only they would send another letter for our primary loan!

August 24, 2011 at 3:17:00 PM CDT  

Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home