Hi everyone. Well, I have called every number of every agency that's supposed to help consumers in my state (Maryland) and gotten nowhere so I'm hoping someone at this forum can help me.
Long story short - I am behind on my mortgage. I received a Notice of Intent to Foreclose from CitiMortgage on April 20th. It stated that my last payment was on 3/13 and was applied to the month of February. It also stated that I had until June 4th to pay the total amount required to cure the default ($3700) or they may file for foreclosure.
Under 'type of default', it stated - 'Your mortgage loan is currently 50 days past due and is in default.'
Well, since receiving the letter, I have made one mortgage payment in the amount of $1850. CitiMortgage accepted the payment and posted it to my account. I also filled out and faxed a hardship assistance package. They received it on May 19th and told me it takes 30-45 days to process the paperwork. They also said foreclosure proceedings may continue during that time.
In April 2008, a law was passed in Maryland that stated the homeowner must be 90 days in default before foreclosure could be filed. Since Citi accepted my one payment, I am no longer 90 days delinquent. Does this mean they cannot foreclose?
I will be able to pay the April payment on June 12th and the May payment on June 26th. I plan on being caught up by the end of July (I have finally found a job!) However, I have read horror stories about attorney fees which add thousands to the foreclosure process.
I am just wondering if anyone thinks Citi will proceed with foreclosure. Citi itself will not answer this question. And right now it's June 3rd so I'm sweating the deadline of June 4th.
Again, I have paid half the arrears and they accepted and posted that payment. Am I still in default? Can I relax? I feel like I've aged ten years in the last six months and it's impossible to find answers. Thanks to anyone who can help out.
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