[yvetteforeclosurehelp]

I was just served with a summons and i have 10 days left out of 20 days given to reply to said notice. In the notice the lender claims they lost my note and are asking the court to re-establish a new note. However, I was the only party on the note, but in this summons it is asking the court to have myself and my husband execute and deliver a new promissary note. I was referred to someone that offered to help with foreclosure assistance. He was asking me to sign my title over to him, give him 1500.00 down and 500 a month and promised he would delay the foreclosure for 3-5yrs. Now i have been in the industry and owned my own mtg co and i know better than to sign over my deed. But i see all these companies taking advantage of consumers in trouble like myself. How can i help myself and make a difference. I know i would be great at loss mitigation.. but how do i choose the right company and not a scam.

Needing advice

[877YouKeep]

Yvette,
The 20 day answer period is just that an opportunity to answer to the courts. You as a homeowner do not have to show up to hearing because the mortgage company will continue with foreclosure it is just that in your state is a judicial state and they have to go through the courts (you did not say what state you live). You have an opportunity to state your case in front of a judge but because you signed the mortgage note stating you would make payments and they would lend money on the collateral (your house).

"In the notice the lender claims they lost my note and are asking the court to re-establish a new note." that is a legal matter you need to refer to a lawyer for information.

You are correct do not sign any paperwork that you do not understand. Continue to read my posts and you will see I know the business of Loss Mitigation because I worked as a mitigator in the retention department. We have our manual listed on the site the link on the left "Learn loss Mitigation" is the manual that will teach the business.