Reader mail: foreclosure, altered loan docs and 10% interest rate
miss christine, i visit your web i have a few questions, i dont know what to do, i dont want to loose my home.
i got stuck with a predetory lender on a interest only loan of 9.95% on 160,000.
the lender added and change information on the loan documents after i sign the loan now he wants to take my home and he serve me with the documents for foreclosere.please were can i go rof help
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My posting with several links to documentaries about my foreclosure work and lots of resources.
For starters, you need to scan and post the loan documents with and without the changes and your communications with the lender.
At closing all changes are initialed, so it’s easy to prove that they altered the loan docs. And of course you have YOUR copies of the docs and you can also get copies of all docs from the title company.
I’m not aware of anyone who will work for you free of charge.
There is lots of hype about all kinds of help for people in foreclosure, but I’m NOT aware of any credible organization. According to many reports, they’re mostly scams.
Chase just announced that they’ll modify 400,000 loans, don’t know yet how that will work out and whether they’ll only defer interest and add it to the balance.
In my own experience, legal aide type outfits are completely incompetent, but if you have lots of time, you might give them a try.
If you’re subject to judicial foreclosure, file counter claims. If not, you may have to file a lawsuit.
Posted by Christine on 11/02/2008 at 02:20 PM
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