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Mortgage Company is foreclosing

1 Answers. Asked on Oct 08th, 2017 on Foreclosures - Florida
More details to this question:
I borrowed 159,000.00 from Civic Financial on what was prior my primary residence but placed a tenant in the property prior to originating the loan. The loan was for a business in NC that failed and the home is in Florida. I moved back to the home in Florida in Feb. I prepaid the mortgage 15 months in advance thru to June 17. I screwed up a payment for June and was immediately placed in Foreclosure. I was given notice by Civic to pay 1800.00 to cure the default but BSI, Civics service company refused the payment until I spoke with a dedicated person at BSI. Reaching that person the individual said that I now needed to pay 5800.00 and that the interest rate rate from 9 percent to 18 percent but that if I paid two months of my 1579 per month payments that my original mortgage would be removed from default and the interest rate would be moved back to 9 percent. I sent BSI bank checks but they refused them and mailed them to an old address even though BSI has noticed me at my Florida home.
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Answered on Oct 12th, 2017 at 12:36 PM

"I screwed up a payment for June and was immediately placed in Foreclosure"........THAT we know did not actually happen. Such a statement indiates there is MUCH more to this story than related and it will require a lawyer to get accruate facts directly to give you proper remedies and guidance. You will simply need to invest several thousand dollar in a retainer for a legitimate lawyer to intervene and address this issue and get this solved. 

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

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If you've fallen behind on your home loan, the mortgage company will eventually take steps to foreclose on the property. Foreclosure is the legal process that allows a lender to take possession of the property and remove the owner from the premises. But many homeowners are surprised to learn that there are ways to challenge the foreclosure proceedings and remain in their homes. A foreclosure attorney can review your mortgage documentation to determine whether a lender can legally foreclosure on your home, represent you during all court hearings and work with your lender to see if foreclosure can be avoided.
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