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Article Features Couple Who Faces Foreclosure ... for Paying Mortgage Too Early
Mon, 29 Aug 2011 15:28:00 -0500
By Stacy Whelchel
In a strange twist of events, a retired Florida couple was recently featured in a news story for being threatened with the sale of their home after paying their mortgage a week early.
The background: The couple had faced financial difficulties due to the husband's terminal illness. They asked their bank for a loan modification. The request was granted with the requirement that the couple officially default on their monthly loan payment, which they did.
Afterwards, their monthly payment amount dropped; however, the couple was removed from the plan when a January payment was made in late December. Foreclosure proceedings were initiated even after the bank was contacted for an explanation.
The couple has now retained a lawyer to represent their interests in the ongoing case.
With a Pre-Paid Legal membership, legal assistance would have been available for this couple from the first moments they questioned their legal rights.
Our members have peace of mind knowing their Provider Law Firms are determined to reach the best possible solutions for legal situations that can and do happen all the time.