Amgen 2nd home mortgage

[Anonymous]

Quick question relevant for some of us who are "underwater" on our posh Westlake Village homes.
Any actual experience with Amgen's 2nd loan when part of the RIF? If actual details are sensitive, please provide general guidelines.

I better learn SCUBA. House underwater. Options underwater.

 

[Anonymous]

I left Amgen for a job elsewhere a little over a year ago and found Everbank to be flexible regarding the onerous repayment terms on my Amgen 2nd. The offered a penalty-free extension provided that I continued to make regular payments. Perhaps they might negotiate the principle in your case. You should definitely give them a call.

 

[Anonymous]

Amgen won't allow you to short sell if you have a second loan with Everbank. The only way to get out of the loan is Foreclose on you're home.
If you leave you have 150 days to repay/negotiate a payment plan with Everbank

Good Luck!!!

 

[Anonymous]

THE EVERGREEN LOAN REMOVES AMGEN FROM ALL DETAILS OF THE LOAN WITH THE EXCEPTION OF DIRECT PAYMENT, PREVIOUS POSTER IS FULL OF $H1t OR HAS NOT READ THE LOAN DOC

 

[Anonymous]

Correct, Amgen is not relevant to loan terms and, as previously stated, Everbank will wave the 150 day payback clause if asked. Call them, the might even do more for you than this.

 

[Anonymous]

Correct, Amgen is not relevant to loan terms and, as previously stated, Everbank will wave the 150 day payback clause if asked. Call them, the might even do more for you than this.

This was not my experience. When I left Amgen, Everhome was not interested in renegotiating the terms of the loan at all, specifically with regard to the 150 day payback clause. I spoke directly with the guy who developed this program with Amgen, and he said my only option was to get a waiver from Amgen. My attempts to find someone at Amgen who could do this for me were not successful. I ended up refinancing, and was happy to put the Everhome/Amgen 2nd in my past. Good luck.