By early Dec, I received the loan mod packet via Fed Ex, filled it out and returned it with the docs. By Dec, I was 6 months behind, but had 4 of the 6 payments saved up. While talking to B of A, they said I was in pre-foreclosure but they stall any foreclosure proceedings during any workout assistance program review.
In early Jan, I received a summons to appear in the county courthouse for a Notice of Intent to Foreclose while still waiting for approval. I called B of A (HOPE Team) and they said not to worry because my loan mod was still in the approval process and they are a little behind because of the holidays. By the end of this month, I'll have 6 of now 7 late payments and by next month, I'll have the full amount of late payments.
At what point do they at least try to work with you?
By next month should the full amount of delinquent payments but I dont know if I'll have enough to cover the late fees and attorney (bull$#!t) fees. I would think they would take as much as they can from me rather than deny any payments as I continue to fall behind month after month.
Why would they begin the foreclosure process when they should know I'm being reviewed for a loan mod and they said they stall any further proceedings during any workout programs? I have no idea if I'll get approved which is why I'm saving every paycheck, but I qualified for the initial process. Except for my mortgage, I have no debt and I still have a full income.
How far along will they proceed with foreclosure even if I have the full amount of the delinquent balance (or within $1000 or so) but not the late fees and attorney (bull$#!t) fees. How long does the foreclosure process take in IL? And will I have to hire an attorney and pay MORE money just to keep from losing it or to slow the process down?