My situation is one where I stopped paying my mortgage in Feb of 2009 (yes that's about 29 months ago, thank you BofA). They originally filed a NOD back in Feb of 2010 and kept postponing the sale date month after month.
In June (last month) they filed a NOTICE OF RESCISSION OF DECLARATION OF DEFAULT AND DEMAND FOR SALE AND OF NOTICE OF DEFAULT AND ELECTION TO SELL. The are basically cancelling the original NOD that they filed in Feb 2010.
Has anyone else experienced this?
Does anyone know why the bank would do this?
A lawyer friend tells me that this means they have to start the foreclosure process from the beginning again, but not doesn't know why they would do this.