I had a 720K loan serviced by Homeq executed spring 2005 original contract date. I applied for a loan modification, was approved and received a mutually executed copy of the loan modification dated Jan. The new Mod was for 740K (a missed payment and some back taxes were capitalized into a new loan) fine with me - i was just glad i had successfully finished a long mod process - the world was great! The Mod was signed by both parties, copies sent out mind you - and im looking at it right now.
A month later they tell me verbally - they will not honor the executed, legally binding Jan modification. They want me to sign a new, 2nd modification. I tell them send it to me and if it makes sense i will sign it. I receive the 2nd mod in the mail - and they want me to sign to a 820K loan.
I refuse to sign the document. To punish me - they filed foreclose on my home.
I was never late, nor did i default on the loan. I just did not want to sign to a 820K note.
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