We have a call in to the Receivership to see if there is anything we can do about the fact that we were never notified about the bankruptcy or the assets being seized. Or that the land contract we have is illegal in our state. Now the collection agency is trying to foreclose on our house. They are refusing to accept payments. Its crazy.
Hopefully we will get somewhere with the receivership. If you think you are dealing with Stewardship Fund or REO, you really should investigate.
Meanwhile they do not send one penny to your lender and your house will end up getting foreclosed and it is your credit history that gets hurt!
Go here: http://www.MakingHomeAffordable.gov
Some lenders are offering reductions on the principal so try that if you can.
All the best,
Contact the "servicer" for your mortgage (the company you make your payments to) they are the only ones who can offer you a Deed In Lieu. If you're not making your mortgage payments to "Home Solutions Partners I REO, LLC" then they are NOT the servicer for the actual owner of your mortgage. If you want to "lookup" to see who actually owns your mortgage you can do a MERS search here:
You may want to report it to authorities if you find out that Home Solutions Partners is a scam. Contact your local FBI. You can report them online.
Hope this helps.
What about a short sale? Shortsales often work out better for sellers.