Being Denied a Modification Stating it was Not Owner Occupied.
by SUBHAS SINGH
In the beginning my property was purchased as a investment. due to the economy I had to make it my primary.In return I contacted IndyMac to request a modification they kept denying because of non owner occupied. I just recently found out they were using past documentation. Even though for a year I've faxed in owner occupied docs they requested. When the caught the error it was 3 days before the forclosure auction. They changed it in there system but never notified the attorney. they forclosed my home cause some representative did not upload current info and place in the system. Should I seek an attorney? They now owned the house. And are trying to see if they can change it. Which everyone is saying they cannot. Can they still offer the remodification. They are now waiting on an underwriter review. but the own the home.
Mortgage Loan Modification Answer:
Yes, you should seek the help of an experienced attorney who can protect your interest during your bank's review and negotiation.
It seems your bank knows they made a mistake in foreclosing on your home, and that they are looking into trying to reverse the foreclosure. Should they do so, then make sure they also grant your loan modification approval.
Unfortunately, your story has happened to others and the help of legal counsel is highly recommended at this point.