What to do if my husband and I believe that our mortgage company is trying to force us into foreclosure?

We purchased the property 13 years ago and kept payments current. Then 2 years ago our bank was seized by FDIC and our ortgage was sold. We made our payments on time. The balloon payment came up but they wouldn’t refinance. At the time our credit was not good. We kept sending our payments to Roundpoint. They said they would refinance under hardship case. I sent them the required info, twice they never answered calls or returned messages. They sent man to house who asked did we live in it and was there any other houses – yes and no. Then they quit taking payments. I mailed it in, I can email rest .

Asked on July 19, 2012 under Real Estate Law, Florida

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

The problem that you and your husband have is that you had a short term loan that came due and were unable to refinance the loan or extend it despite the fact that you were always current on it.

Given the situation that you are in, I suggest that you consult with a real estate attorney about the best way to proceed with the problem with your lender. I also suggest that you consult with a mortgage broker to see what type of loan you can obtain to refinance the one that has come due.


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