How do I get my home back after Foreclosure. it was ...

Submitted by joanne_vondracek from CA - 06/05/2009 - 10:55am

How do I get my home back after Foreclosure. it was sold tow Wells Fargo.
This is what happened.

DEAR Sir,
I NEED YOUR HELP DESPERATLY. I am a single mom with 3 children and self-employed, after 25 years of marriage I am on my own.

Because of the real estate down fall I got 2 months behind on my house payments. I sent my 3rd payment in, Option One (my mortgage company) sent it back and put my house in default for $9700.00. I called them to make it right as soon as I got the default letter. Option One told me I now owed them $14,000.00 and had to sign a forbearance agreement right away or they would sell my house. This was just a couple of days later. When I got the agreement it was for $30,884.60, this is withing 2 weeks, they wanted $7,000.00 sent overnight (which I did) and $5,971.15 for 4 months so; with no other choice I signed it. I was on my last payment when I talked to a company (Eagle Crest) they said they were a loan modification company with a 98% success rate. They told me they talked to Option One and to send my regular payment, so I did ($3,048.56). Option One sent it back. I called Eagle Crest but they would not return any of my calls. Option One told me the only way I could save my house was to send them $10,000.00 over night and $6,000.00 a month for the next year. I knew I could not keep those kind of payments up. 1 hour before my house was to be sold I filed bankruptcy to save my house till I could talk to an attorney. The bankruptcy was dismissed and by the time I could see an attorney, with out any warning, Option One sold my house to Wells Fargo. I did not know this till I got an eviction notice. I have an attorney now he is trying to get Wells Fargo to put my house back in my name. I have filled out all the modification information Wells Fargo sent my attorney, but my attorney told me today he does not think they will give me my house back, they were just stalling. I am still living in my home. I really tried to make my loan right with Option One but instead of working with me they made it impossible for me to succeed. Now Wells Fargo does not want to give me my house back and they are going to fight it. I am not asking for a reduced payments or anything special. I just want my home. I have no place to go. I don't understand why Wells Fargo got a BAIL OUT but they won't even try to work with me. I am writing this letter to you because I don't know what else to do. I know you have a lot to do and probably get a lot of these kind of e-mails. PLEASE, I have tried everything I know to keep my house. Can you help me? I am not asking for Welfare I just want to keep my home. If I lose it, what do I do? Were would I go? What do I tell my children? My credit is ruined because of this, so I can’t even rent a house. Please put your self in my shoes and try to help me. It is not like I sat back and did not do anything. I have tried everything I can think of. I thought the banks are supposed to be trying to help people stay in their homes, not throw them out. PLEASE, PLEASE HELP ME!
From my understanding the President wants to help us stay in our homes not throw us out. I was only 2 months late!

Thank you for your help. I am looking forward to hearing from you.

Joanne Vondracek
530-873-1037

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Comments

Submitted by Sean - 06/07/2009 - 10:04pm

Hi Joanne, Very unlikely you will get your house back. Your only shot would be to contact an attorney and have them review your case.
At this point you should focus on negotiating cash-4-keys with the lender to get as much money as possible, and as much time as possible for your move.
Best of luck - and keep your head up. You aren't the only one going through this, and it is an opportunity for a fresh start.
 

Submitted by Melvin Graham - 08/26/2009 - 7:27am

What state?

Doing a forensic audit for $500 and getting a 90 page report will tell you if the bank was illegal in the first place. Some modification companies and/or attorneys know what they are doing. Not all of them. But a person should use an attorney to file a law suit. It normally gets done correctly.

I have seen our modification company stopping the foreclosure sale time after time if the paper work is complete and the fees are paid. Some people have not been able to make a payment in over a year.

This would be a person to talk to. I do not work with them but he seems to have knowledge. They only do forensic auditing.

Mortgage Loan Compliance
Ph: 866-966-6615 ext 8
Fax: 866-295-9253
jason@ml-compliance.com
www.ml-compliance.com

Submitted by mike atwater - 01/02/2010 - 7:29am

best of luck

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