My sister purchased a home with her now ex boyfriend in 2004. She moved out in June 2008. He still lives there. We are in Missouri. The mortgage was obtained from Countrywide Home Loans.
Since she moved out he has missed numerous payments. He stopped paying just after she moved out. He got about three or four months behind. She was getting email notices of this. She finally called his aunt and his aunt caught up the payments.
Sometime in the last year or so Countrywide sold their loan to Bank of America. I'm not sure how she figured that out but she is still getting email notices so I'm assuming that is how she figured it out.
In recent months the ex boyfriend has been late again. He was apparently about four months late and she started getting calls on her cell phone number that is not even in her name. She doesn't even know how they got the number because she doesn't have it listed on any of her credit cards. He did, however, according to an email she received, make a payment on July 3 although it doesn't say how much but I doubt he caught everything up. She said she got a call as late as today so I assume he didn't.
The bank is threatening foreclosure. She told them, "Go ahead," I don't live there anymore and don't care what happens." (He's already ruined her credit anyway with the mortgage and by running up a cell phone bill.) I'm guessing he got a foreclosure notice which is why he made the payment. She won't (and really can't) kick him out since he is on the mortgage too. In addition he has threatened that if she took the house he would burn it down.
The bank said they cannot foreclose as long as he is still living there. I don't understand why not if he is not keeping up with payments. My husband and I also had a loan through Countrywide (before Bank of America starting buying their loans). They foreclosed on our house. However, by the time the Sheriff's sale occurred we were out of the house but we got the notices before we moved. This was in the fall of 2008.
Our cousin stopped paying on her house in December 2008 (according to my sister). They filed bankruptcy (not sure when that was filed). As of early June 2010 they were still living there and hadn't been foreclosed on. They have since moved out though.
Are banks taking longer to foreclose due to the amount they are having to do? Are they giving people longer times to pay their mortgage due to the poor economy? Or is there really some rule that if the owners are still living there they can't foreclose and evict them? Or better yet, evict them and then foreclose?
Since she moved out he has missed numerous payments. He stopped paying just after she moved out. He got about three or four months behind. She was getting email notices of this. She finally called his aunt and his aunt caught up the payments.
Sometime in the last year or so Countrywide sold their loan to Bank of America. I'm not sure how she figured that out but she is still getting email notices so I'm assuming that is how she figured it out.
In recent months the ex boyfriend has been late again. He was apparently about four months late and she started getting calls on her cell phone number that is not even in her name. She doesn't even know how they got the number because she doesn't have it listed on any of her credit cards. He did, however, according to an email she received, make a payment on July 3 although it doesn't say how much but I doubt he caught everything up. She said she got a call as late as today so I assume he didn't.
The bank is threatening foreclosure. She told them, "Go ahead," I don't live there anymore and don't care what happens." (He's already ruined her credit anyway with the mortgage and by running up a cell phone bill.) I'm guessing he got a foreclosure notice which is why he made the payment. She won't (and really can't) kick him out since he is on the mortgage too. In addition he has threatened that if she took the house he would burn it down.
The bank said they cannot foreclose as long as he is still living there. I don't understand why not if he is not keeping up with payments. My husband and I also had a loan through Countrywide (before Bank of America starting buying their loans). They foreclosed on our house. However, by the time the Sheriff's sale occurred we were out of the house but we got the notices before we moved. This was in the fall of 2008.
Our cousin stopped paying on her house in December 2008 (according to my sister). They filed bankruptcy (not sure when that was filed). As of early June 2010 they were still living there and hadn't been foreclosed on. They have since moved out though.
Are banks taking longer to foreclose due to the amount they are having to do? Are they giving people longer times to pay their mortgage due to the poor economy? Or is there really some rule that if the owners are still living there they can't foreclose and evict them? Or better yet, evict them and then foreclose?
Comment