We lost our house to foreclosure in 2009 We called asking for a modification We entered into a forbearance agreement with 3 inflated monthly payments of $1018 original payment was $770 But when we received the paperwork there was a 4th payment of $3678 I immediately called and told them there was no way we could come up with the 4th payment which was never discussed over the phone.They assured me the 4th payment would not become due because after the first 3 payments we would be approved for a mod.After the third payment I called and they said the 4th payment must be paid before a mod can be approved I asked is there anything we can do she said all we can do is come up with the 4th payment.On the forbearance agreement it even says provided that the borrower makes the payments required in section 3 (other then the last scheduled balloon payment)and in addition with respect to the last scheduled balloon payment, takes the action described on exhibit A I took the steps they checked off on exhibit A and there was no modification just demand letter for the $3678.They lied to us and set us up knowing we would fail but kept assuring me we would get a modification.I would like to know if I can sue them?
Answered on: 10/09/12, 10:34 am by Rochelle Guznack
Yes, you can sue them. However, I do not know how strong your case is until I have a chance to review your documents. Also, you must be prepared to pay attorney fees up front. This type of case is not taken by attorneys on a contingency basis.
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Law Offices of Rochelle E. Guznack, PLLC 905 W. Ann Arbor Trail Plymouth, MI 48170► Other answers from this attorney