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During your work to stop house foreclosure, do not ever take for granted that
your bank has gotten any of
what you sent. Sometimes they do not get paperwork
from you and they do not bother to phone you to let you know.
You may mail or fax them paperwork and they do not
receive it or at least they may claim to have not received
it. The fax number for the people you are dealing with may change
and they might not even tell you. Constantly verify ahead of time
when you fax or email them any paperwork to make sure that
you possess the right fax number or email address.
Unless you have double and triple checked with your contact
at your lender, do not ever take for granted that you have
the right info. It makes it a lot harder on you
if you do not understand what your lender needs. You end up
faxing, emailing and sending them a whole lot more paperwork
than you need to. Do not be afraid to call them if you are
unsure about anything. Have them explain it to you several
times if need be. It is better to be sure that you
understand what they need than to guess. When your lender is
asking you to sign workout arrangement paperwork, this is
especially vital.
And talking of arrangements, if you wish to stop house
foreclosure, be certain that any arrangements that you must
sign are finished on time and in total. You may have several different
paperwork packages that you need to mail to your lender during
the time you are taking your home out of foreclosure. Be
sure to make a
point to retain a copy of the airbill so you are able to track
the packet so that you can be assured that they received it.
Also phone them the day after it makes it there to be
assured that they got it and that everything on it was
complete. Again, never take anything for granted, constantly
confirm.
If you send your lender money in any sort of format during
your foreclosure, be sure that you keep a copy of what was
sent and where. Many lenders
will refuse payment in the form of personal checks while
your home is in foreclosure. You will likely have to
send money to them only by way of a bank wire, a certain
bill service or a cashier's check. Do not guess what method
of payment your lender will take. Be sure to verify with
them and to verify on the arrangement paperwork that you
sign. However you end up sending them money, be sure that
you know exactly what you sent, how you sent it and when you
sent it. Your mortgage company may lose a bank wire,
cashier's check or bill service payment that
you send them. You need to keep proof of your payment so
that you can fax it into them if needed. It is also important to call your lender to be sure that
they got your payment and that it is in a format that they
can accept.
If you wish to stop
house foreclosure, you must never take anything for
granted. Never presume that your lender got paperwork that
you mailed, faxed or emailed them. Constantly check to be
sure that they got everything that they required. This is
particularly accurate of any arrangements and money that you
send to them.
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