So the latest is that Citi claims to have postponed the sale date. Apparently the last round of loan modification went through Fannie Mae instead of directly through Citi, and they have just now received the paperwork from Fannie Mae. Mom has yet to receive anything in writing confirming the...
Not a similar situation. My mother's home-based business (sewing / embroidery / alterations) slowed down considerably, at the same time as the mortgage company "adjusted" her payment due to changing taxes and escrow etc. Payment went from about $800/month to about $1500/month. Her Social...
Again, understood. I'm bummed she apparently doesn't have a case against the lender, but I don't have time to sit around and bemoan the fact. What I need to do now is figure out the best way to handle the situation.
Not sure why it would matter to a potential buyer. House is not foreclosed-on yet. And I'm no lender, but I can't imagine why that would make a difference to them, either. My wife and I are looking at a piece of land that's been foreclosed on; it's steal at the asking price, and so far the fact...
I guess my question was more along the lines of "shady business practices" by the lender. I understand the mortgage is a contract, and legally speaking, you're bound by the terms of said contract. I'm not asking if there's a way for my mother to keep her house despite being several months late...
I need a little advice. My mother has been going through some financial trouble, and has recently applied for mortgage modification three separate times through her mortgage company. Each time, the mortgage company denied her application. Their stated reason was always that she was in no danger...