Legal Question in Civil Litigation in California
Iam 4 months late in my mortgage but a settlement for class action suit is on our way do the bank will iniatiate foreclosure on this property?
Alex
1 Answer from Attorneys
At present, some banks are hesitating with proceeding with or have imposed a moratorium on foreclosures because of possible paperwork irregularities. Perhaps that is the class action suit to which you are referring. You might contact the attorneys representing the plaintiffs to determine what, if anything, you might be receiving. Then, if you will be receiving money or some other type of relief, you can work with the lender, or have an attorney become involved with modifying your mortgage on your behalf. If you engage a loan modification company, make sure you do thorough research on its success and track record. Many people have fallen victim to false promises.