Alabama=Screwed
Junior Member
First, THANK YOU lcannister for the helpful info and website onDo as Ozark advised go to the mortgage company with a stack of papers and present your case. Ask if they will add the missed payment to the back of the loan. Ask if they will take the regular payments and a percentage of the deliquent payments each month until you are cuaght up.
Alabama law, I do appreciate it.
I spoke with a supervisor at the bank. At first she kept telling me
to talk to the attorneys, but then warmed up a little and said my
only option to save my home would be to add the missed payments
into the loan, and increase our payments to pay them in 12 months.
She figured up how much it would increase our payments. The
payments would be more than doubled and far above the amount I
receive from Social Security each month, making it an impossibility.
She said adding the missed payments to the end of the loan was
not a possibility.
So it sounds like you potentially have 18 months of backpay (2 years less 6 month).
Yes Ron, you're right. Back payments will be less than 25k, and atUnless he gets a whole lot of SSDI lump sum for the back payments, he's going to find it pretty difficult to redeem the property. His credit is hosed.
this point, seems it will be no help at all.
As soon as I realized what had happened,(zero missed orIF you were conned report it to the FBI. In my experience there are some real unethical people out here in the mortgage file but I also see that Predatory is usually screamed at the top of the persons lungs when they suddenly aren't living up to THEIR obligation such as payments!
late payments) I filed a complaint with the bank, listing over
a dozen wrong doings, in hopes they would correct them.
They strung us along until, unknown to me at the time, the
time to bring action passed. (STILL zero missed and only 2
late payments)Then they began saying: "We are unwilling to
discuss..."
At that point, I talked to three different attorneys,
which is how I found out, eventho I had a case, the time to bring
action had passed and there was nothing I could do. I even filed
a complaint with the state AG, who told me to contact an
attorney!
I even posted my case to THIS FORUM, and which seems
to be so typical here, (having seen it happen so many times)
INSTANTLY, MY character, integrity, and truthfulness, was brought
into question and was told, in so many words, I, MYSELF, was the
"Bad Guy". That was about four years ago.(Still no missed payments)
until November of 2006 when I became disabled.
The bank put
us into the "Loss Mitigation Program". After missing six
payments I began getting SSDI checks and resumed making
timely payments month after month until the bank said we
could no longer be in the program. At which point, after receiving
my payment for April of this year, the bank informed me they
received my check but since it was not for the full amount of
the six missed payments, it was insufficient to post to my
account and would be returned to me. Which they did. As
well as May's. We got the Foreclosure notice, the first of June.
Can I still do that, six years later? Would their investigationIF you were conned report it to the FBI.
stop or delay the foreclosure?
I don't know why I even asked that! You're not going to
give me an answer!
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* * * @ @ PLEASE ! ! I've answered ALL of YOUR questions,
over and over, which have NOTHING TO DO WITH THE
QUESTIONS I ASKED.
Won't someone, ANYONE, PLEASE, answer MINE!!!???
**** P L E A S E !! -- ANSWER JUST A FEW!!
-OR- EVEN O N E!
I'M RUNNING OUT OF TIME!!!