If I have made a request for modification with BofA can they proceed with foreclosure proceeding? Should I respond to the letter from the lawyer about the "STATEMENT OF DEBT PURSUANT TO N.C.G.S 45-21.16 (C)(5A) AND OTHER NOTICES" what should I say?
If I have made a request for modification with BofA can they proceed with foreclosure proceeding? Should I respond to the letter from the lawyer about the "STATEMENT OF DEBT PURSUANT TO N.C.G.S 45-21.16 (C)(5A) AND OTHER NOTICES" what should I say?
Welcome to the community tiger.
I do not believe this prohibits the bank from proceeding with foreclosure if you are currently in review for a loan modification. This has been a problem for years now and thousands of homeowner have bee foreclosed on in the process, California has just recently announced the "CA Homeowner Bill of Rights" and is finally prohibiting the lenders "dual tracking system" in which they will be reviewing ones account for a loan modification while at the same time continuing with foreclosure proceedings and setting up a sale date.
http://www.ncga.state.nc.us/enactedl...s_45-21.16.pdf
Keep Fighting!
Evan Bedard
LoanSafe.org Support Team
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Should I respond to the notice and want should I say?
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