I was working with Bank of America on a home loan modification, who sold my loan to Resurgent, who has since become Shellpoint. I received a notice that my home was to be auctioned but when I contacted the mortgage company they told me they were working on my home modification and to disregard any notice of a foreclosure. I was told that anything sent of that nature, regarding foreclosure or auction of my home, was just a formality. Well, this was not true, the mortgage company, Resurgent or Shellpoint foreclosed and we are being evicted. The persons who bought my home at the auction paid $307,000; they have made an offer to sell me back my home for $420,000. However I would need to come up with some quick cash to supplement what I can get together.
I'm hoping that the mortgage company will rescind the sale of my home. What the mortgage company was doing is called dual tracking, working on a foreclosure and modification at the same time. Dual tracking is illegal. They may rescind the foreclosure and sale of my home but my time is running out. I have until May 19 to get the cash together to save my home. I think I can get $120,000 together but that will leave me short and I don't think I can get it together that fast with the bank either. I am trying. If I have to go through litigation it could take up to 3 years. Our home is not just a home; it is an asset to the community. 3 women supplement their income here teaching riding lessons to children. There is a 4H program here. We've had Autistic children as well as adults with Down syndrome experience the joy of riding. Please help us.