Is my bank trying to kill me?

(Disclaimer:This is for informational purposes only it is not legal advice)

Yes pretty much. You borrowed money from them you are a number in most cases. They either want payment or they want your house so they can CASH OUT! They hate modifications. They want your house.

If you are in the foreclosure track then they are trying to recoup their asset under their trust deed and promissory note.

They will play this to maximum stress on you. They rely on the 15% of cases where borrowers are able to shake the sofa and all their family and friends to “Cure” the arrears. Showing up to save the house with a big check sometimes in the $100,000 range.

So yes they are trying to kill you with stress so that you will dig deep and pay them their money.

You have options.

1. Cure the note. Pay up on the full arrears.
2. Try to get a postponement with a submission of a loan modification
3. File a bankruptcy.
4. File litigation. With TRO.
5. Negotiate a forbearance. Partial payment of arrears or payment plan.
6. Do a doc request from Trustee.
7. Put the house in for Short Sale.

These all have various success in stopping or postponing sale dates. Bankruptcy guaranteeing a stay.

Please call us at GA LAW GROUP and we can review your options if your home is currently in default.