I was not informed of the possibility of a sale until 12/5/07 and then only by email, which gave me only three-business days notice I did not know what to do, To make it worse she left the office early that Friday at 1:30 and they could not be reached over the weekend per their email. Every phone call I made from 12/5/07 on was delayed by the office telling me to hold on as they “must contact the lender and get back to me” they even stopped returning my calls on the day of the sale. While on the phone waiting to hear from the lender; he is auctioning off my home. Currently 150k in equity I was only behind 9k. I believe they did this to lead me on until the sale was over.
I was told there were no other bidders and my lender bought my house for himself. Now my lender wants to rent my house
help.I was delinquent on my second mortgage and I do not dispute any fault on my part for being in this position I was lied to by the lender. Help
2007-12-27 07:15:10 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
as I stated I was current on the first. they didnt send proper notice. Every phone call I made from 12/5/07 on was delayed by the office telling me to hold on as they “must contact the lender and get back to me” they even stopped returning my calls on the day of the sale. I believe that they did this to lead me on until the sale was over. On the day of the sale I had a friend contact the lender as she was ignoring my calls and she claimed to my friend that she had never made any offers to me and had informed me of the pending sale when I gave her the $1000.00 on 11/14/07, that lying (^&%$#@!). I also asked for 2 extra days and payment would have been in full.
2007-12-27 07:47:40 · update #1
Im not asking for pitty just understanding.
The bank told me as long kept my first mortgage current we would be able to do a forbearance agreement without notice they sold.
2007-12-27 16:14:07 · update #2
there is nothing you can do. you were behind on the loan and everything they did was legal. you had to have known you were going to lose the house, regardless of when you got a notice. i mean, you knew you were behind by $9,000--what did you think they were going to do?
2007-12-27 07:19:15 · answer #1 · answered by s and d e 7 · 1⤊ 0⤋
Sorry, you can't sue them, because you can't collect.
It wasn't an illegal foreclosure, and I'll tell you why.
Obviously, you have been ignoring their MANY MONTHS of phone calls, e-mails, messges, certified letters, notices from the Sheriff, etc.
Obviously, you haven't been sending them money on EITHER the first or second mortgage.
Exactly what did you think would happen if you just stopped paying the mortgage? That you would be allowed to stay there as long as you wanted?
Did you move out and not inform the mortgage company of where you receive mail? It is NOT their job to track you down...it is YOUR job to keep them informed of all of your current contact information.
Sorry, you aren't going to convince anyone here that you didn't know until 3 weeks ago that it was the FIRST time you knew the foreclosure was a possibility.
You now know that ignoring the mortgage company will cost you the home.
Better start packing unless you have $10K in the bank.
2007-12-27 07:21:14 · answer #2 · answered by Expert8675309 7 · 2⤊ 0⤋
Well if you knew you were missing payments then you knew this was possible. They do not have to send you any notices, that is a courtesy they do to "remind" people to pay. When you signed your original documents at closing they basically said if you pay you stay. Well if you don't you go. If you want to read over your original mortgage again do so, but you will see it clearly states if you fail to pay you are out. Sorry for your loss, but you have NO legal recourse. You defaulted on the loan so they have the right to repossess. If you had 150k in equity you should have refied or sold.
2007-12-27 11:33:22 · answer #3 · answered by frankie b 5 · 1⤊ 0⤋
This is too rich. You were behind $9,000, and it's the lender's fault that you were forclosed upon ? Please. You're not telling us the truth here. A foreclosure is a legal action, and you are notified via mail and process that an action is about to commence.
Further, notices of such pending action are required to be published in a newspaper in the area in which the foreclosure is to occur. Did you live under a rock for the last several months prior to this occurrence ?
There is no such thing as a 'foreclosure without notice'.
2007-12-27 07:24:44 · answer #4 · answered by acermill 7 · 1⤊ 0⤋
you were behind two payments around 1600. between the legal fees and snowballing fees it turned into 9000. hometrust mortgage company based in toronto is a very nasty collection of agents including gowlings law firm who are too happy to foreclose on even one missed payment. stay far from home trust.
2015-08-17 06:38:29 · answer #5 · answered by rico 1 · 0⤊ 0⤋
As you were in default, and a final judgment was already entered any misconduct by the lender did not cause you loss. You are wasting your effort.
2007-12-27 07:19:22 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Sue? For what? This would only be illegal if you were paying your mortgage. But, you, yourself, say that you were behind 9k. Obviously not paying.
What did you expect them to do?
2007-12-27 07:45:45 · answer #7 · answered by Landlord 7 · 1⤊ 0⤋
I wish I could not pay my mortgage payment and still expect to live in my home. How great would that be.
Next time, pay your bills.
2007-12-27 09:15:03 · answer #8 · answered by sly2bfox 1 · 1⤊ 0⤋