Don’t get Grinched by opportunistic Servicers

Here is a map where the majority of states allow you to record phone calls with only one party (you) knowing that the call is recorded.

It’s much easier to write your follow-up letter if you have a recorded conversation to work from – and most attorneys advise to write the servicer a follow up letter, especially when a recording might not be admissible in court. Keep all your correspondence, including statements organized. If you are unorganized in everything else in your life, make your mortgage loan your priority in organization. The correspondence you keep, may save your home.

Livinglies's Weblog

 The servicer convinced the couple that a  “deed in lieu of foreclosure” would provide a fast solution. This option allowed the homeowners to give the servicer a deed to the home, saving them the expense and time of going through the foreclosure process.
In this case, the borrowers were asked to release any claim for a deficiency in return for $3,000 through a “cash for keys” offer to defray the cost of moving.

The couple proceeded to move out by the deadline agreed…

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