Brad, Preditor Hunter
Whitestown,#2Consumer Suggestion
Sun, December 21, 2008
Pamcat If your house is not sold yet by the sheriff you can stop your foreclosure. I have been doing so myself and my story is even worse than yours, unfortunately. I said screw the lawyers as they as I have found repeatedly are only in for their own interest and stuffed pockets. They won't help you. Instead if you have access to the internet do your own research and represent yourself as I have been doing. It is calle pro-se when you represent yourself and your state court system will have state guidelins and rules for you to go by that you can find on line. You need to file a chapter 13 bankruptcy to stop your foreclosure and sheriff sale. 13 is intended to bring your mortgage company to court and accept a workable mortgage payment for a specified number of years. Do your on line research into chapter 13 bankruptcy. The plan you submit to the federal court is a plan you can live with and not the intended foreclosure plan the mortgage company wants to be able to take your home. Understand too that I just got notice that citi residential just sold out to Chase. For us that makes about seven mortgage companies for our purported mortgage going all the way back to Argent and Ameriquest. I am preparing a federal district court law suit against all the involved mortgage companies on our loan while dealing with the Indiana state court of appeals to overturn our local trial court decision for foreclosure and refiling for chapter 13 to keep our home out of the sheriff's sale again. I have been doing this battle now going on two years without an attorney. You can do it yourself if you devote the time to go on line and do nothing but research every related subject to this mess. Also try to find a state legal aid lawyer who does not have time to actually represent you but is willing to coach you in your process as you are doing the work. I wish you the best of luck and God's favor in your fight. I am there with you. BL
Loanhelper
Costa Mesa, CA,#3Consumer Comment
Tue, December 02, 2008
I agree that you need to contact your loss mitigation department for help, in most cases when you deal with your lender directly it is very hard to get in touch with the right people and it takes a lot of patience if you dont know what you are doing. If you have tried working with them directly and have had no success, you need to get legal help, from a Real Estate Attorney who knows what they are doing. You have to remember any information that you provide to your lender can and will be held against you, so you need to know all the guidelines and what not to get a successful modification done. If you need help with your case please contact me and I can get you to the right people. Good luck! LoanHelper
Nat
Ashburn,#4Consumer Comment
Wed, November 12, 2008
Pamcat, Contact your current mortgage company. Ask for the Loss Mitigation Dept, or the Loan Modification Dept. Keep good notes on your conversations and keep track of all the names. These companies are now required to help you. Please read your loan documents before you sign them. If your payment isn't what you thought, DO NOT SIGN ANYTHING. Just because you're at the closing table does not mean you are committed to the loan. Plus you should have a 3 day rescission period after closing. Not everyone has your best interest at heart. I think they knew you don't read your loan docs and took that to the bank. This is wrong, but that's also what caused this country to go down the tubes. Loan docs to focus on: The Note, The Truth in Lending statement, and the Good Faith Estimate. Focus on your repayment terms. Ohio is now one of the diciest states to lend in because of the large amount of appraisal fraud. Clearly, that happene in your case. Good luck, I don't want to hear that your family is out in the cold Ohio winter.
Noir
City,#5Consumer Suggestion
Tue, October 07, 2008
It may or may not help to contact FHA but their new Hope for Homeowners program just inaugurated on October 1, 2008, may help you. You will have verify income and qualify with a certain debt to income ratio, things it sounds like you were not required to do for your current mortgage, but the program was created to offer alternatives to foreclosure for people who, like you, were placed in unrealistic loans. It wouldn't hurt to call them. Their phone number is 1-800-CALL-FHA (225-5342)