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Posted by Reinstatement Services, Inc. on April 26, 2002 at 19:49:05:
In Reply to: Foreclosure Help? posted by Marie on April 26, 2002 at 14:35:55:
Marie, because of the rapidly approaching sale date you will have to focus your energy on, first, stopping the foreclosure action.
There are a number of workout programs that will allow you to do so. At this juncture, however, more than likely the only thing your lender will be willing to consider is a repayment schedule under Special Forbearance. Prepare for it.
Also, be prepared to support your position that you can afford the home by producing financial statements, tax returns, evidence to support the hardship, pay stubs, and the like.
Work quickly and efficiently. Worry about disputing the reinstatement amount AFTER the foreclosure action has been suspended. You really don't have the time its going to take to straighten things out and save the home if various departments are involved. A "missing payment or two" can always be credited to your account at a later date.
Regarding the VA, perhaps the loan was sold although the whole situation does sound sketchy. Leave this inquiry for later, as well. First order of business: Stop the foreclosure.
Finally, given the time constraints, it might not hurt to enlist the services of an organization skilled at working time-sensitive cases such as yours.
