Re: 2 Weeks Left
Posted by NJD on January 31, 2009 at 06:35:44:
In Reply to: Re: 2 Weeks Left
Posted by ALB on January 31, 2009 at 06:22:30:Before attempting to "negotiate" anything one must gather information so as to be "armed" for the task.
The first mistake many people commit when dealing with their mortgage lender is to assume they have any clue as to what is, or is not in the lender's best, financial interest.
The truth is, we don't know.
If I were to tell you your loan carried private derivitive/performance insurance... which would make the mortgage holder whole in the event of foreclosure and loss.... would that come as a surprise?
There is no "right person" at CW... there are no short cuts, no magical cures, etc. A workout is an assemblyline like process.
If you feel your loan or the loan's origination had predatory characteristics, or was made in violation to state or federal lending law... you may be able to compell the lender to halt the foreclosure proceedings while the allegation is investigated.
Follow Ups:
- Re: 2 Weeks Left - ALB 06:59:04 01/31/09(2)
- Re: 2 Weeks Left - steele in minnesota 07:26:28 01/31/09(0)
- Re: 2 Weeks Left - NJD 07:12:21 01/31/09(0)
- Re: 2 Weeks Left - steele in minnesota 07:26:28 01/31/09(0)
