I called mr cooper (freddie mac) to discuss loss mitigation. answered some of there questions on the phone (VERY general...no income info etc.) and 5 days later got the response "we are unable to offer you a modification because in performing our underwriting of a potential modification we... Read more »
He passed away in Aug 2017 and the house is still not foreclosed on. I tried to deal with the bank but because his will had my mom (they have been divorced for many years) as the beneficiary they will not talk to me. Its been over 900 days since last payment was made. Why is it taking so long?
They need someone to sue. The divorce nullifies the bequest to your mom. If your dad was sole owner, you need to bring an estate administration to deal with the bank. If there is no equity, it may not be worth the effort, and just let the property go. No one is presently in position to be...Read more »
My mother passed away three months ago, her home is in foreclosure. In her will listed as #1 , it simply states that her funeral be paid by the sale of her home. I her son paid in " full " for her funeral. I have a older brother who we do " not " communicate at all. I just want... Read more »
If the house has no equity, you do not get money for the funeral from it. You do not get a lien. If there is equity, sell the house to get the proceeds. You might be able to get a few bucks by doing a short sale to cover these costs if the will is probated.
A few months. However, you can approach the buyer and agree to a move out date. This avoids the buyer having to do an eviction. The sooner you leave, the more you can get in a settlement. Not a lot, but enough to make a deposit on the next thing.
My parents obtained a mortgage in 9-2003 from first financial bank and in 11-2004 the bank sold the note to Option One. Parents were not notified. Mortgage was never signed. note went from 312 to 369. parents never questioned the increase and has stopped paying due to being disabled for 5 years... Read more »
Your parents need to sit down with a Foreclosure Defense attorney to go over all of their options. An attorney will need to review all of the documents associated with the suit. There are defenses your parents may have, but if they do not answer the complaint the right way they may wave these...Read more »
loan is now with Bayview Financial. Bayview won't pick up
the phone. Even their website is broken so I can't register and send a message. I read online that its hard to talk to someone at Bayview, and they lose documents, and sneakily start the foreclosure process on your home.... Read more »
I am named executor of my deceased parent's estate, however, I have not submitted for probate due to an insolvent estate. There is an underwater house with mortgage that has since gone into default. Loan was sold by Beneficial to a trust via Select Portfolio Services who is the servicer of... Read more »
No. Not being able to pay is not going to help. It may count for something, but you still need to be able to make a regular payment approximating the real payment, were there no default. The Federal giveaways that helped more are over.
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