By: roseanna upano

roseanna upano — Mon, 09 Jun 2008 03:59:50 +0000

I have been trying to help my daughter out. She lost one home in feb and is trying to hold on to another one now almost ready to foreclose. She had a notice of trustee sale for feb 11 filed on Jan 24 with the county recorders office. She has been trying to keep her home so she contacted EMC and they gave her a forbearnce plan for the last 3 months. They asked for $2500 and payments of $1312 for 3 months. They also had her sign a statment saying she had a ballon payment of almost $25k due at the end of the 3 months, They gave no real explanation for the $25k owed. Attorney fees late fees escow account fees of $4700.
My daugher was so desperate as she just lost her primary home to forclosure and was now also behind on her 2nd home. She has been in a state of depression and can hardly get out of bed. She was pregnant through all of this crisis and my granddaughter is now 3 months old. She is wanting to keep her home, but I am afraid we are getting a run around from EMC. What happened to the $6000 we paid? How can they charge $1200 for forced insurance that should cost $400? How can they charge more then the owed amount of property taxes etc. I have been reading everyones horror stories and I am afraid that maybe the house has already been sold, or that we will keep paying the $1316 per month just to be told they will not modify her loan, They will not allow you to talk to the same person twice. Seems like a big run around. We are not even sure who realy owns her loan. She has a 2nd with Litton. Litton is the company that forclosed on her home in Feb . I have looked up all the complaints on Litton. It seems we are realy in trouble to have had to loose 1 home to Litton and now also have them on the 2nd mortgage on this home too. Can you help? Who can we talk to? 760-751-1593

Comments on: Boiler Room 2.0 – Investors Press Lenders on Bad Loans

By: roseanna upano