In Sept. 2002 I entered into a mortgage with this company. At the time I thought this company had the best interest rate. I had some employment problems and missed 5 payments in 2005. By the end of December, my account was given to their attorney for foreclosure action to begin. By Jan. 2006 I had sent in the missed payments and had entered into a forbearance agreement at that time. When I contacted them in March, they had only applied the $3500 I sent in to 2 of the missing payments. The remaining funds were being held in a special holding account, with no reason given why. By May they indicated I still owed for 7 missed payments plus $1500 in attorney fees.
On April 17th a judgment order was granted by the local court to proceed with a sheriff sale. When I contacted them in mid-May, they indicated that sending $6200 would stop the sale. At that time I began to prepare a Chapter 13 bankruptcy petition through my attorney. The petition was filed 5 days before the sheriff sale was held. The house was sold at the sheriff sale, but due to the bankruptcy filing the sale was invalid, thank goodness. In my last contact with Citifinancial, a Mr. Cannon indicated that my loan would not be reinstated if bankruptcy was filed.
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