Logo
Current Foreclosure Discussion Foreclosures Discussion Archive 10

Mortgage pymnt/bankcruptcy/foreclosure/HELP

Posted by Emelita on September 20, 2004 at 10:50:25:

Seattle Washington: I barrowed some money to my sister in law and I paid my two months late on my mortgage, then I also paid another 2 months in advance. What I did not know is that the bank(WA. Mutual) pay also my Real Estate Tax last October 2003 and April 2004 which is $1,800, they said I am now on escrow? I do not know what is that. Eventhou I place on the checks the payments is for September and October mortgage, they still place it as payments for my real estate tax. Can they do that? ALSO, they place another installment plan to my mortgage, and advance pre-payment plan for my real Estate Tax, so my mortgage paymnets now is much higher.
Instead of feeling secure for two months, now I am depressing about foreclosure. Now I am two months behind again and I have not heard from the bank. This is the third time I am behind payments in a year, I can only barrowed money to relatives then I paid off the late mortgage payments. As of now, I do not know if they are in process of foreclosure because the second time I am behind payments they sent me a foeclosure letter which says it will be process, I did barrowed money and I pay them. Now I am behind again.

Here are my question:
1. Can they change my payments even thou I place it on a specific month? Like payments for september 2004 and october 2004.
2. This recision, can I do that? I refinance my house in 1998.
3. I been thinking of selling the house, and file bankcruptcy against the house if foreclosure letter comes. Did the bank will tell me how long it will be in the market? like one year or 6 months, I must sell it or they will foreclose.

Need all advice and great HELP.
Emelita


Follow Ups:


Name    : 
E-Mail  : 
Subject : 

Comments:

Optional Link URL : 
Link Title        :

honaunau sunset