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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Fighting with MY Lender Posted by JK (the other JK) on March 05, 2010 at 12:35 AM In Reply to: Fighting with MY Lender posted by nelly on March 03, 2010 at 7:59 PM : Ward I have a friend who I helped set his property in a title holding trust, he set his brother as trustee. He is very much un-side down in the loan (owes $385,000 worth about $115k). He received a letter in the mail (HAMP), which is a government program. Home Affordable Modification Program. : He has contacted his Lender and they are just giving him the run-a-round and are Not willing to respond. He wants to file a hard-ship letter with the bank seeing his Brother and Mother are moving out and getting there own place due to No-equity left in the house leaving my friend un-able to pay the current mortgage. : Our question is if he files a lis pending and suet against his “lender/servicing co.” would it be……Trust 123 bayview vs Lender. Having the Trustee as signing authority for the Trust(123Bay view) or does the original payee have to? If you file a lawsuit against the lender your attorney should sort all that out. I'm assuming the original trustor would want to be a Plaintiff as well as they're still financial responsible for the loan. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward I have a friend who I helped set his property in a title holding trust, he set his brother as trustee. He is very much un-side down in the loan (owes $385,000 worth about $115k). He received a letter in the mail (HAMP), which is a government program. Home Affordable Modification Program. : : He has contacted his Lender and they are just giving him the run-a-round and are Not willing to respond. He wants to file a hard-ship letter with the bank seeing his Brother and Mother are moving out and getting there own place due to No-equity left in the house leaving my friend un-able to pay the current mortgage. : : Our question is if he files a lis pending and suet against his “lender/servicing co.” would it be……Trust 123 bayview vs Lender. Having the Trustee as signing authority for the Trust(123Bay view) or does the original payee have to? : If you file a lawsuit against the lender your attorney should sort all that out. I'm assuming the original trustor would want to be a Plaintiff as well as they're still financial responsible for the loan. [ 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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