QUESTION
What will happen after my loan modification has come to a stop?
Asked on Oct 26th, 2012 on Foreclosures - Florida
More details to this question:
The mortgage provider has been giving me the run around. I couldn’t afford my mortgage as of three years ago due to economic issues. They told me to file for bankruptcy and I did but nothing was resolved.
2 ANSWERS
Civil Litigation Attorney serving Federal Way, WA
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Stasch Law LLC
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In Washington under the Foreclosure Fairness Act you have a right to meet and confer with the lender to try to work out a modification. If that fails, you have a right to mediation which is a procedure where the lender and borrower try to resolve modification with the help of a mediator. However, you must be referred to mediation no later than 20 days after the Notice of Trustee Sale has been recorded, otherwise you lose the right.
Answered on Oct 29th, 2012 at 5:24 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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The mortgage company will probably file a foreclosure action, eventually. The debt has probably been discharged, but they can still come after getting the property, they just can not come after you personally.
Answered on Oct 29th, 2012 at 5:23 PM