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bank took my home

Posted on: 29th Aug, 2010 04:00 pm
Please help anyone, i was working with a loan modification company and was suppose to start payments in sept,so i was told by my loan modification company. We sent all papers that were requiered. We recieved a forclosure notice and the bank told us the house would go up for sale august 23. We contacted our mod. Company and told them and they told us they would postpond the date of the sale until we were done with the modification.

The date of the sale was august the 23 2010. We continued giving the comopany all the information they would ask us for pay check stubs and bank statements. We fallowed everything the bank asked us for.

A few days after a man came a posted a letter on our door and said the house was sold and no longer ours. It went up for auction nobody bought it and citi bank bought out house back.

The mod company has documentation that everything was done properly but the bank sold it anyway. Bank error.

And now what do i do. Can naca help us get our house back from the bank , we have documentaion that states that they can't sell our home if we are in loan mod. Process.

I talked to bank, and they said we can get it back but must pay 400,000
Our we still in time to get the bank to accept thier mistake and put it back on our name. I have lived in my home over 23 years and had all my kids here. This is more than a house.

Please help

:cry: :cry:
Hi Guest,

It would have been better if you would have contacted the mortgage lender and requested for a loan modification. Most of the loan modification companies are scam and do not negotiate with the lender in order to help the borrowers.

You should contact the loan modification company and ask them to return all the monies that you've paid them upfront. If they pay back the monies, you can use it to buy back the property from the lender. If the company does not pays you back, then you should take legal actions against them.

Posted on: 29th Aug, 2010 09:12 pm
A house is only yours if you own it free and clear, or can afford to make the payments. You may have had all your kids there, but it is not one of your kids. Dust yourself off, move on, and get another house that you can afford to pay for in the future.
Posted on: 08th Sep, 2010 10:36 am
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