My brother passed away and I am the executrix of his estate. Countrywide is foreclosing on the Home Equity Loan instead of the mortgage to avoid Judicial involvement... Meaning that the Home Equity Loan is a Deed of Trust instead of a Mortgage which would have to go thru the legal channels and give me some time to sell his home which my father built in the sixties.
My lawyer was saying that it is bizarre that they would foreclose using the Home Equity Loan but I was reading online that since a HEL is a Deed of Trust that they would only have to give me 90 days to 'cure the debt' and then 4 or 5 months after I am served they can foreclose without going to court.
My brother died for Heavens sake, he didn't deliberately not make his payments, he wasn't fired from a job, or quit and not have money. He died!!!
I understand that they want their money but please give me some time to sell the home. It took me 4 months to get the approval from the court to become the Executrix of his estate. I couldn't do anything before that as he died intestate (without a will).
This home is in the Hamptons in New York. These bloodsuckers want the money from the home and apparently don't want to share it with me as I am the only next of kin. I've tried to write to Sen. Hillary Clinton and others but to no avail. I wish I could get some help somewhere.
0 comments