Sovereign Bank Complaint - Mortgage Loan Modification and Foreclosure at Same Time?
EAST HAVEN, CONNECTICUT -- I started a loan modification application with them back in September 2009 through a third party. Four months later, my loan modification was approved. One day later, their attorney filed foreclosure papers on us. Two days later, the action was filed in court, and the 2nd mortgage company sent a letter on January 29, 2010 (which I received on February 4, 2010), but they had already filed an appearance in this case.
I am completely baffled how a bank could approve a loan modification and foreclosure at the same time? Has anyone dealt with this? My loan modification agent keeps telling me this is all par for the course, but we will now incur a $300 filing fee in court; about $200 in Marshal's fees, and who knows how much in attorneys' fees since now two attorneys are involved. Our loan modification agent tells me that the attorneys' fees can go on the end of the loan, but what about the 2nd mortgage attorneys' fees?
This is ridiculous, so I finally wrote a letter to the 2nd mortgage company, cc'ing the attorneys.