You remember this drama don't you? This is the home where the mortgage was called due a year ago for some reason unbeknownst to us. In addition, the Bigoted Asset Manager's committee rejected all reasonable short sale offers--unless we agree to give them $36,000 more than we actually owe on the mortgage. After we agreed to disagree on this matter, the Bigoted Asset Manager then went back to the "committee" and asked if the bank would agree to a deed in lieu of foreclosure. Apparently this "committee" meets regularly, because not two days later the committee said no to this request too.
Actually, the day we got the rejection letter we also received another letter from the same mortgage company. The second letter was a demand for the full amount of the mortgage. The same mortgage they called due last year, and had they not, we could have been paying all along and never been in this situation. The mortgage company rejected our short sales. They have now rejected our request for a deed in lieu. But they want their money. Good luck with that. We don't have it.
I spoke to Legalowl right after I got the letter from the bank. She said to do nothing. She did suggest we keep the insurance and taxes up on the property. "It makes for a smoother transition." Whatever that means. This has been nothing but smooth. I also suspect if we don't pay the impounds the bank might move faster. But who knows.
Eventually someone at the bank is going to want this deadwood off their books. But until then, we will just let it sit there.
No comments:
Post a Comment