Posted on: 08th Oct, 2011 03:13 pm
i just finished trial mod period. received letter today that it is in review. also received 8 act 6 notices today. what should i do? pay up? i don't understand why i would get notice to foreclose when i just ended trial period.
Hi Guest,
When you have applied for loan modification and received a trial modification, you shouldn't have received the Act 6 notices. Nevertheless, I will suggest you to contact your lender and check out the matter with them. They will let you know what you should do or why you've received such a notice.
Thanks
When you have applied for loan modification and received a trial modification, you shouldn't have received the Act 6 notices. Nevertheless, I will suggest you to contact your lender and check out the matter with them. They will let you know what you should do or why you've received such a notice.
Thanks
Hello guest?
Beware of this situation: You can't pay your mortgage and face foreclosure. A "lender" contacts you, offering help. First, the lender requires you deed the property to him, claiming this is a temporary safety measure to prevent foreclosure. Once the lender has the deed, he owns your property. He can borrow against it or sell it to someone else. The lender can treat you as a tenant, using the mortgage payments as rent. Once you default on the payments, the lender can evict you from your own home.
:idea:
Beware of this situation: You can't pay your mortgage and face foreclosure. A "lender" contacts you, offering help. First, the lender requires you deed the property to him, claiming this is a temporary safety measure to prevent foreclosure. Once the lender has the deed, he owns your property. He can borrow against it or sell it to someone else. The lender can treat you as a tenant, using the mortgage payments as rent. Once you default on the payments, the lender can evict you from your own home.
:idea:
