Posted on: 25th Aug, 2010 03:05 pm
I paid 18000 to prevent foreclosure in april, made arragenments topay May, June and July. knowing this to be difficult after alump sum of 18k did may but have had trouble paying June, July until August 10 paid June just to hear they are refusing and reopening original foreclosure they said was to be cancelled and date for sell is Sept 23 how can this be legal I spoke with them when I paid June August 3 told them in two weeks I would have July and then August will be two weeks following he said don't bother we deny your money and cutting a check back. I still will send July payment then August
Hi Guest!
Welcome to forums!
The lender can foreclose the property though you made payment arrangements with them. It might be the case that your financial situation did not qualify you for a permanent loan modification and thus the lender had to start foreclosure procedure again. You should have a word with your lender once again and try to negotiate with him to find if he can consider your situation and help you in getting a modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The lender can foreclose the property though you made payment arrangements with them. It might be the case that your financial situation did not qualify you for a permanent loan modification and thus the lender had to start foreclosure procedure again. You should have a word with your lender once again and try to negotiate with him to find if he can consider your situation and help you in getting a modification.
Feel free to ask if you've further queries.
Sussane