I have gotten a decision from my lender CalHFA. "Declined".
They said my income and expense was "fine" to qualify however because it took them 16 mos to give me a decision, the deferred amount (the amount I'm behind) grew too high under and because of that, I do not qualify under the HAMP program!
This is obscene.
They took this long to get me an answer all the while, the back payment was getting bigger and bigger. I have a journal of all the calls I made to them to get a status - almost weekly so that they wouldn't pull this kind of stunt. I've been wanting to get a decision so I can start my payment program.
I've been given about 21 days to get a sale date.
What they have done is unethical. I want to keep the home and make my payments affordable.
Please help! Is there a legal solution to this that I can turn to? What options do I have to keep the home?
Thank you for your help...