Tag: foreclosure attorneys

Why is the bank filing a foreclosure if we have applied for a modification?

The problem is you are trying to apply human logic to a bank which will steer you wrong every time!

Banks are large organizations. Different departments complete different tasks. The bank has a department that completes the modifications and a different department that refers passed due accounts to the bank’s foreclosure attorneys.┬áBefore the modification receives final approval, the bank may refer your account to its attorney to preserve its rights to the property if the modification is denied or payments are not made.

Continue reading “Why is the bank filing a foreclosure if we have applied for a modification?”