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> Got a letter in the mail

redwing40
post Mar 23 2013, 05:25 AM
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How can I say this, I was paying on a house for 15yrs, I had trouble keeping up on the payments and ask for help from my lender and was turned away and I lost my home to forclosure, I thought it was ###### that it happened and walked away! and took the loss sad.gif

But I got a letter in the mail saying I will be getting a check in the next 4 to 6 weeks, yeah right I said, i did my homework and found this, and got ahold of the company that will be sending this so called check, and it was true! I knew I was wrongfully forclosed on. Not sure what my pay out will be, but i will take it laugh.gif 15yrs years of paying!

http://www.huffingtonpost.com/2013/01/07/b..._n_2424887.html

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aceecards
post Mar 23 2013, 07:23 AM
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Foreclosure is such a crappy thing.


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post Mar 24 2013, 12:29 AM
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they should have at least given you the chance to short sale it.


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redwing40
post Mar 24 2013, 07:18 AM
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They told me it was to late for a short sale, and at the time, no one was buying anyways. Its funny, I lost the house and a year later I turned around and bought a forclosed 100k house for 13 grand that was on the market, now I owe the bank of my father inlaw laugh.gif
My old house of 80k sold for 7 grand, can you believe that laugh.gif after it sat for two years, looks like the bank and me took a loss, but now since the bank did me wrong, they losing out even more by this law suit!

Still dont know how much I will get, I called the number on the letter from the paying agent, but it said they would not give information on the phone on how much or a date, just says you dont have to do nothing, just wait for a check in the next 4 to 8 weeks dry.gif lets see 4.2 million people will get part of the 8.5 billion

The OCC and the federal gov will view each case and pay what my losses are in the my case, pay out could be up to $125,000, wouldnt that be nice if they paid me back all the principle I paid in with interest, I already did the math in a few ways they should pay me back, hopefully its the sum of of one of the three, i will be sitting pretty for awhile cool.gif but then again, $50 buck and my name cleared of the house will work also laugh.gif

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