Legal Question in Real Estate Law in California
Fore barance question
friend of mine was approved for a fore barance on her home. Now someone at lenders office said they did not know about her fore barance will be foreclosed on her home. Does she have legal re course?
2 Answers from Attorneys
Re: Fore barance question
Banks do this a lot- not sure why. Banks will get people to put money down for a loan work out and at the last minute it isn't approved. Your friend needs to contact a bankruptcy attorney who can help her with the arearage on the home as well as any other debt they may have. Suggestion would be to at least speak with 2 different attorneys about it.
Re: Fore barance question
A lot more facts would be needed to see whether a forbearance agreement is enforceable in this situation, but the apparent fact that none of it is in writing nor signed by anyone points strongly in the direction of non-enforecement. Your friend should go back to the bargaining table and try to get something in writing before it's too late.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
