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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] bank lied Posted by Misty on August 13, 2001 at 12:59 AM This is the deal: We moved from one home, to another. Could not sell the other. So we rented it out for a few years. The market is so bad there, we finally called the bank and told them our trouble. They said we'd qualify for a Deed in leiu of foreclosure etc. and prompted us to fill out the paperwork. That said, we did so-- and stopped making payments out of our pocket for the first home.(We had no renter in it by then either). We waited. And waited. Not making payments, as they assured us we would get the deed in lieu and we could not afford two mortgages. WELL A year later the company tells us we can't qualify for the deed in lieu OR any help with this, because we haven't resided in the home all this time. IF they had told us this last year, we'd have sought other options/arranged to rent it and bear the burden another year of dealing with it..etc. Now foreclosure is imminent, and we are left feeling as though they duped us. They lead us to believe one thing, for an entire year!! NOW we want to make this right, avoid the foreclosure. We haven't had anyone put in a purchase offer, we may be able to rent it. We want to rent it- and start making payments again but they may not let us. We're going to have our lawyer draft a letter. Don't you think that because they gave us misinformation, they should be willing to work with us on this? Any advice? Follow Ups: Re: bank lied Todd 6:24 PM, 08/14/01 (2) Re: bank lied Ben Wells 11:02 AM, 09/01/01 (0) Re: bank lied/Todd Misty 6:54 PM, 08/14/01 (0) Re: bank lied Ward-CA- 6:25 PM, 08/13/01 (1) Re: bank lied Ben Wells 11:08 AM, 09/01/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : This is the deal: We moved from one home, to another. Could not sell the other. So we rented it out for a few years. The market is so bad there, we finally called the bank and told them our trouble. They said we'd qualify for a Deed in leiu of foreclosure etc. and prompted us to fill out the paperwork. That said, we did so-- and stopped making payments out of our pocket for the first home.(We had no renter in it by then either). We waited. And waited. Not making payments, as they assured us we would get the deed in lieu and we could not afford two mortgages. WELL A year later the company tells us we can't qualify for the deed in lieu OR any help with this, because we haven't resided in the home all this time. IF they had told us this last year, we'd have sought other options/arranged to rent it and bear the burden another year of dealing with it..etc. Now foreclosure is imminent, and we are left feeling as though they duped us. They lead us to believe one thing, for an entire year!! NOW we want to make this right, avoid the foreclosure. We haven't had anyone put in a purchase offer, we may be able to rent it. We want to rent it- and start making payments again but they may not let us. We're going to have our lawyer draft a letter. Don't you think that because they gave us misinformation, they should be willing to work with us on this? Any advice? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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