Hi folks, Sorry for the double post but I accidently posted this in the wrong forum the first go round.
I just sent in a loan mod application to the Servicer of my mortgage, trying to buy some more time really. MY BK was discharged in 2009 and I never re-affirmed though I'm still living at the house. Two of the Acknowledgements and Agreements in the application were ....
I agree that any prior waiver as to my payment of escrow items to the servicer in connection with my loan has been revoked.
If I qualify for and enter into a repayment plan, forebearance plan, and trial period plan, I agree to the establishment of an escrow account and the payment of escrow items if an escrow account nevere existed on my loan.
The bank has been paying my taxes for the home in a seperate escrow they set up right after my BK in my account, this is what has me worried. Can the bank come after me for the taxes or will I be responsible for them since I sent this application back to them? I'm pretty sure they will turn me down for any mod regardless.
I asked a housing counselor this question two nights ago and was told this is simply a pre-foreclosure options application and I would have to agree to and sign any terms offered by the bank for this agreement to hold any water and not to worry about it.
Just looking for a confirmation if anybody has gone through the process. Kind of starting to freak me out!
HHM, please feel free to remove my other thread
TIA
I just sent in a loan mod application to the Servicer of my mortgage, trying to buy some more time really. MY BK was discharged in 2009 and I never re-affirmed though I'm still living at the house. Two of the Acknowledgements and Agreements in the application were ....
I agree that any prior waiver as to my payment of escrow items to the servicer in connection with my loan has been revoked.
If I qualify for and enter into a repayment plan, forebearance plan, and trial period plan, I agree to the establishment of an escrow account and the payment of escrow items if an escrow account nevere existed on my loan.
The bank has been paying my taxes for the home in a seperate escrow they set up right after my BK in my account, this is what has me worried. Can the bank come after me for the taxes or will I be responsible for them since I sent this application back to them? I'm pretty sure they will turn me down for any mod regardless.
I asked a housing counselor this question two nights ago and was told this is simply a pre-foreclosure options application and I would have to agree to and sign any terms offered by the bank for this agreement to hold any water and not to worry about it.
Just looking for a confirmation if anybody has gone through the process. Kind of starting to freak me out!
HHM, please feel free to remove my other thread
TIA