Hi Rickp703 Welcome and thank you for joining the forum!
Quote:
1. Are companies still forwarding files to start foreclosure, as I thought in Illinois there was a longer hold (especially when you are applying for a modification)
2. If my file does go to the Foreclosure dept & I make the payment on 7/24/09, will it come back out of that dept (I have a feeling once it's there - it stays there until the situation is corrected beyond just (1) payment)
3. In addition to applying for the Loan Mod... what else can I do to keep myself out of the Foreclosure area of litton loan... a special forebarence ... or at least a 1 week "stay" to get that payment in.
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Below I have attached a couple of links to foreclosure laws in Illinois:
Illinois Foreclosure Laws - Foreclosure.com Illinois Foreclosure Law
I'm not exactly sure if you will be able to get your loan out of the foreclosure dept with one payment. I suggest you contact BofA and do as much as possible to get that date extended till the 24th.
Here is the email of Barbara Dosoer, she has helped many members here get their process started in a timely and very professional matter:
Barbara J. Desoer
President Home Loans and Insurance
Bank of America
100 North Tryon St.
Charlotte, NC 28255
barbara.j.desoer@bankofamerica.com