Legal Question in Real Estate Law in Alabama

Question is almost 5 years ago me and my husband where in a really bad loan a option arm and had to get of it so Washington Mutual put us in a 5 year interest only. OK seen then Washington Mutual became chase bank so now the sever is chase bank. We had tried to get a Mortgage re-modification from chase for over a year we were being told don 't worry the bank is going to help you well that never happen after we were told don't stop paying your mortgage stop paying your create card so thats what we did stopped paying some create cards. Now looked into trying to refinance this mortgage to be able to keep are home but can not because of bad create the payment would be even more. Was watching fox's news one night and was listing to some one from youwalkaway.com gave them a call we were told about the mortgage re leaf act. Then we asked a question about the property next door that we had put an over size gauge on that we bought over 14 year and we put decking over to the house so you could walk across. The property 021 is paid for thats what has the big garage the house property 022 as the lien, so when we were talking to the company youwalkaway they said they don't no when Washington did the first aperzasel if it was done wright buy using other property to make are home worth more at the time, so are question is were going cut the deck in half and put it back to the property line but if we don't have to we would love to keep are home that we'v had for over 22 years if their is something we don't no could you help us with this question or maybe what to do cause the bank will not help us its all about money. That is what we are looking at also are mortgage is under water and can't sell to pay the bank.And yet are property is not a good investment for the bank property under water is supposed to be good for the home buyer we can not even sell the for what we owe not good business for anymore either do think we should are paper work to a free consolation's attorney.


Asked on 4/18/11, 11:59 am

1 Answer from Attorneys
James Patterson Underwood & Reimer, P.C.

My firm has been handling cases where mortgage companies were "reviewing" modifications and failed to inform people whether they were approved or not for the modification prior to foreclosure. We believe companies such as Bank of America and Chase are negligent in the handling of these loan programs and intentionally putting people into foreclosure. Please feel free to call my office to discuss this matter with me or any of my partners as we are right now reviewing these types of cases.

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Answered on 4/25/11, 7:05 am


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