D
doveraven7
Guest
We are behind on our mortgage, now by 60 days, and I called the bank and was told that the loan was in collections. What does that mean? My regular loan officer said it was out of his hands and that a committee was handling it. I asked if that meant they were in the process of a foreclosure and he said yes. So does anyone know my options??
P.S. I have a terrible loan at a private bank. Can not be helped by the Obama plan. One year balloon, that is re-signed yearly, with 8.1% interest, only given the option to do a 1/1, 2/2, or 5/5 after 30 days. Haven't been contacted by the bank about the "collection".
P.S. I have a terrible loan at a private bank. Can not be helped by the Obama plan. One year balloon, that is re-signed yearly, with 8.1% interest, only given the option to do a 1/1, 2/2, or 5/5 after 30 days. Haven't been contacted by the bank about the "collection".