Old 03-20-2009, 03:41 PM   #1 (permalink)
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Exclamation National City Mods on 2 properties

Hi. Posted a few times before and am working on loan mods for investment rentals. Two of them are with National City Mortgage, both fixed on an original 15 year with 12 years to go. I was 2 months behind (not by plan to initiate mods but by financial necessity) when I send in all the requested info for a loan mod. We are self employed, so it was a big pkg with 2 year taxes and P&Ls for personal/self-employed/rentals (used info f/this site for the suggested bottom line of ~$250 surplus). Called to follow up to ensure packages received and was advised both had been received and were "complete"; to expect a return call in 3-4 weeks. NOW TODAY I see us in the paper for one of the properties for a scheduled Trustee Notice of Sale. I don't think it is a coincidence it is on the property with the most equity. WHAT? They didn't call or notify us at all, not even a "form letter". The last I heard they had received all my info and were working on the files. WHAT do I do now? I have worked SOOOO hard on this and am in a panic. Please advise. Thanks!


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Old 03-20-2009, 04:24 PM   #2 (permalink)
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Re: National City Mods on 2 properties

If you can find out the attorney for National City..........you can contact them and let them know you are in the process of a modification and if it can be delayed.............and you would also have to do the same thing with National City.........
1-800-622-5035
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