I have never missed or even been late on a mortgage payment, and I just recieved a letter from my homeowners insurance company informing me that they are cancelling my insurance because they recieved notice from the mortgagee that my home is in forecloseure over a month ago. Can the bank really foreclose my home? If so for what reason? What steps should I take to work this problem out?
You should start by contacting the mortgage company. Then contact the insurance company.