Jenn
LAst year while in bankrutcy.. .(I am still in bankruptcy) Bank of America sent me a letter of forcloser.. I contacted them and told them I was in bankruptcy and was paying my monthly payment to them.. The back due would come from our trustee. They said that they had not recieved any payments from the trusty and were foreclosing on my home... If I could pay the back down the would not foreclose...
So being stupid.. I borrowed money from family to pay the delenquent amont. The bank then gave my account a 0% intrest rate.
Here is the question... Was it legal for them to demand payment? Did I ruin any chance of action on this matter by agreeing to the 0%...
1 Answer
Bob/PKB
Jenn, I have absolutely no idea. It is foolish for the banks to take possession of so many homes. People here quite often destroy the homes they are forced to leave. The empty homes are easy targets for vandals. The value of the home depreciates rapidly when there is so much damage and repairs that need to be made. Giving you a 0% loan was good thinking on their part.
What did the trustee tell you when you took the letter to him/her? They should have known how to handle that situation for you.
I hope someone here has the answers you need. I'll be checking back to find out too. Bob/PKB
| 12 years ago. Rating: 1 | |
I received a notice from the collection agency within a week that the attorney had canceled not only the claim, but the bill as well. I hadn't really contacted the ABA....yet.
You might get some answers from your atty should you mention the ABA. Let us know. ATB(All the best) Bob/PKB
