Please read below an e-mail from someone that came across my blogs.
My credit is ruined, with plenty of fault my own. Reality of my situation though is Homeq servicing has rejected payments, pushed accepting them to the point of foreclosure. And processed foreclosure the first day after two thirty day past due periods. Thats on the 61 to 63 day late. (Evan when I have managed to send the past due and current month payments in full within the 3rd month). They evan stamped my payments RECEIVED Dated the last day of the 3rd month. Never attempted to process, and returned them well into what would then be my fourth month in default. Obviously refusing any further payments, requiring me to pay legal fees of around $2,100. keeping my mortgage in default just that much longer. Making my $1,200 mo. into a $1,990. for the next three months. (I think that HomEq is not set up to receive bimonthly mortgage payments.) Something i specifically requested when I originally refinanced, and was granted in my original agreement. So what I am asking is what they have done legal ? And what can I do ? And under the current situation is my request to pay bimonthly to escape homeq sound plausible? With them as my servicing company i will surely never get 12 months reported of mortgage payments on time. Im too often looped into legal fees and struggling to just catch up. Thank You for any time and help you may lend to my situation. SINCERELY
Now, some of what you read above doesn't seem possible. Can a bank foreclose upon you if you hadn't missed 4 consecutive payments. Yes, that is true. But are banks and investors pushing the envelope, pushing the borrower into a frenzy, especially if they don't know their rights? Are banks and investors getting away with this? Sure, we don't know if this borrower has their story straight either. But this isn't the first time that I have heard this.
Then we have another issue on hand. Legal Fees !!! I am no lawyer, but many of the legal fees passed on from the banks seem awfully high. You wonder whose hands are in whose pockets. It would be like a realtor trying to get me referrals, but would want an extra $1,000 per client. Gee, I would have to pass that fee onto the borrower then. Can there be any restriction imposed to limit these such legal fees? What se thee?
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