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Noobster · 05-05-2009, 06:09 AM

Okay...so out of the blue yesterday my mortgage co. Taylor, Bean & Whitaker called me.
A little history.....I sent them signed repayment plan paperwork and $1200 5 weeks ago to stop Foreclosure process and even though it's been confirmed by not only the USPS and TB&W that it was received in their office...they cannot find paperwork or cashiers check. There are notes on my account with the names of 2 people that had the package in their hands in the office, but they claim that somehow it got lost on it's way to who it was addressed to. They also admit that foreclosure should have been halted the day the repayment plan agreement was made, they foreclosed anyway. We hired an attorney to get an extension which was granted until the end of May.

TB&W now states that the only way for me to get out of foreclosure is to agree to a Forbearance which involves me stopping payment on the $1200 cashiers check (which you can't do until 90 days after purchasing it...and it's only been 35 days) and sending it back to them as well as making 3 regular monthly payments over the next 3 months.
They state that after those 3 regular payment that I may POSSIBLY qualify for an FHA Partial Claim.
I was told back in January (when we originally filled out and faxed our harship packet) that I DID qualify for the FHA Partial Claim but the Negotiator has never contacted me. The Negotiator has had our file for over 10 weeks now.
I was told yesterday by the lady from TB&W that I had been wasting my time waiting and calling because the Forbearance had to be done in order to even qualify for the FHA PC. I was not told this back in January or at any time in the last 3 1/2 months in which I have called them well over 60 times.

This is not the first time they have messed up a repayment plan nor is it the first time that I have not been given the information that should have been provided to me.
I have done everything I have been told to do up to this point and they have done nothing but mess things up.
Why do the mortgage holders always have to pay for the mistakes of the mortgage company?

05-05-2009, 06:09 AM	#12 (permalink)
Noobster Member Join Date: Apr 2009 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Question About Forbearance Okay...so out of the blue yesterday my mortgage co. Taylor, Bean & Whitaker called me. A little history.....I sent them signed repayment plan paperwork and $1200 5 weeks ago to stop Foreclosure process and even though it's been confirmed by not only the USPS and TB&W that it was received in their office...they cannot find paperwork or cashiers check. There are notes on my account with the names of 2 people that had the package in their hands in the office, but they claim that somehow it got lost on it's way to who it was addressed to. They also admit that foreclosure should have been halted the day the repayment plan agreement was made, they foreclosed anyway. We hired an attorney to get an extension which was granted until the end of May. TB&W now states that the only way for me to get out of foreclosure is to agree to a Forbearance which involves me stopping payment on the $1200 cashiers check (which you can't do until 90 days after purchasing it...and it's only been 35 days) and sending it back to them as well as making 3 regular monthly payments over the next 3 months. They state that after those 3 regular payment that I may POSSIBLY qualify for an FHA Partial Claim. I was told back in January (when we originally filled out and faxed our harship packet) that I DID qualify for the FHA Partial Claim but the Negotiator has never contacted me. The Negotiator has had our file for over 10 weeks now. I was told yesterday by the lady from TB&W that I had been wasting my time waiting and calling because the Forbearance had to be done in order to even qualify for the FHA PC. I was not told this back in January or at any time in the last 3 1/2 months in which I have called them well over 60 times. This is not the first time they have messed up a repayment plan nor is it the first time that I have not been given the information that should have been provided to me. I have done everything I have been told to do up to this point and they have done nothing but mess things up. Why do the mortgage holders always have to pay for the mistakes of the mortgage company?