i have a situation but in the situation the mortgage company sent my money for the prior month back stating my home is in foreclosure.i researched and if i am correct a mortgage company must always inform you of intentions to foreclose regardless of the situation.
2006-07-07 15:36:52 · 6 answers · asked by DEE n 2 in Business & Finance ➔ Renting & Real Estate
how many months behind were you? Your loan cannot go into forclosure until it has reached 90 days with no payment. Thats after numerous attempts to work out a payment arrangement with you. Our mortgage co. is Wells-Fargo, and I know that is the policy.....we never pay our mortgage on time....cant believe im telling this to everyone.....but we have never gotten 3 months behind. My mom is a mortgage loan officer, and she tells me what can and cant be done. So, they cannot forclose on your house unless its 3 months behing.
2006-07-07 15:42:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You are correct, they have to send you a certified letter to inform you that you're in foreclosure. If you're in Southern California, contact me and I will see what I can do to help you out free of charge.
Regards
2006-07-07 23:42:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You have to receive adequate and timely notification of this, and be given time to amend the situation.
2006-07-07 22:44:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They have to notify you, but they will not accept partial payment either. You have to pay the complete amount due to forestall foreclosure.
2006-07-07 22:41:17 · answer #4 · answered by Not Tellin 4 · 0⤊ 0⤋
You must receive a letter.
2006-07-07 22:44:00 · answer #5 · answered by purelluk 4 · 0⤊ 0⤋
what i heard so far too, they must inform you usually by letter.
2006-07-07 22:42:07 · answer #6 · answered by 2good4u 4 · 0⤊ 0⤋