Foreclosure Questions - I was served...

Question

I received a summons today to "file an answer to the complaint or otherwise file your appearance and pay a 163 dollar fee" about foreclosure. What do I need to do? Here's the story...I fell behind - for a few reasons, VERY sick child, wife lost her job due to taking care of child. Fell behind on payments. Called Mort. Company and asked for help. Spoke to them to do a loan modification. They told me to pay April (this would bring loan current) and then not pay anymore because new loan is considerably less and will be done by then. (I am paying 8 and 12 percent now...OuCh) I have been calling them at least 1-2 times per week since May. I have also verified evertime I should not be paying asnd everyone agreed. And it is always "it will be done next Friday call back then.) Now we were served the summons without warning. Stated we are in forclosure and we should have been paying all along. I started recordiing my calls abut 2 weeks ago and have some of it on tape. Now what should I do withthe summons. i am about 4 months behind at 2500/mo..

Answer 1

I think you misunderstood when you were told to stop making payments.  A mortgage company would never tell you that unless they had all the paperwork ready to sign for a new loan.  Are you dealing with a sub-prime lender?  Call the loss mitigation department of your current note holer NOW.

Answer 2

There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!

Answer 3

I work for one of the largest Modification companies in the country right now and I've been helping a lot of people save they're home and lower their monthly payment.  Give me a call at my office, we'll go over your situation and I'll see if I can help you and what your options are.

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Stephen Marcus

Modification Advisor

[phone] - Office

[phone] - Fax

American Modification Agency

333 Earle Ovington Blvd. Suite 240

Uniondale, NY, 11553

www.yourama.com

"Saving America One Home at a Time"

Answer 4

That how loan modification look like when you work directly with the lender. Maybe you should call professional loan modification company to help you