What does the doc say? I searched for 2-507, all I can find is that there is a rule in Maryland called rule 2-507), it has to do with dismissing a court case.Could someone explain what a 2-507 letter is? I live in Maryland and can see that this letter was filed as part of the foreclosure procedure today.
Ok, I did find something else, it's called "Uniform Commercial Code" U.C.C 2-507"I don't actually have the letter, I periodically check the Maryland case search just to follow the foreclosure docs and I saw that this was filed today. I think this means that Suntrust has 30-days to prove to court that the original foreclosure filing is still valid or the case will be dismissed. If this is the case, then I am sure the case will be thrown out because Suntrust is currently reviewing a NACA proposal for a loan mod. This could be good news for me, but I will not hold my breath.