Larry
Lakewood,#2Consumer Comment
Thu, July 26, 2007
Okay, I'm an going to bare my soul and come clean. In CA (LA in particular) after you are 3 months past due on your mortgage, a lender will file a NOD. I know this from personal experience. If you are 1 month behind, no problem, 2 months, no problem. Once you get 3 months behind, your lender will accept nothing less than all their money. They will wait until you are 4 months behind to file a NOD. Then and only then, will they work out a payment arrangement with you. In the interim, the will send you certified notices, visit your home and leave a note on the front and/or back door and call you at home and work. I am not defending GMAC or any other mortgage company. This was MY PERSONAL experience on 1 occassion due to illnes and job loss. PLUS, since property sales, taxes, etc. are public record, the SHARKS, I mean the "helpful" Real Estate folks will start calling you, putting notices on your door, YOUR NEIGHBORS DOOR, and in your mailbox regarding how they will buy or save your home. Don't believe it folks!!! Bottom line: If you make your payment via check or online, verify that it has cleared. Record any conversations with your mortgage company and stay on time with your mortgage come hell or high water!! I knew within 48 hours of the NOD being filed that it was filed. To get to the actual SALE takes on average 6 months. You are telling me , you did not know you were 6 months BEHIND on your mortgage?