While there could be some damages incurred to you for dragging this on, they're probably minor compared to the damages you have caused to the lender or will cause.....even attempting to resolve it in good faith on your part.
Sounds like you have taken the high road to try to resolve the issue and for this you have to be commended. Hopefully if you have kept up with your payments, prices are starting to rise and five years later you have built up some equity, so maybe you will be able to sell this summer or in the next year or two without having to go through the short sale or DIL process at all.
I really appreciate all the advice, sympathies, and suggestions here.
However, I would also like to apologize as I am not in the Dallas area. I am actually in Tennessee.
Somehow, in my technologically limited brain, I managed to post, apparently, on a Dallas area site.
I will say though that I have attempted to contact at least 3 attorneys in the Nashville area, none of whom has returned my call.
My thanks again to everyone here!
I am so sorry that this is happening to you.
Now the market is a lot better now. Have you consider selling it or doing a short sale? Maybe you can still save your credit.
I would be more than happy to look into all other options for you. You can email me at firstname.lastname@example.org
This is happening a lot. Many of Bank of America deals, even mid-stream, are being transferred out to new servicers such as SPS. This does start the process over. However, with the appropriate guidance, I have found that you can short circuit the system to achieve results faster.
Henley & Henley PC - Real Estate Law Firm
Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
http://www.lynn911.com 100's of Dallas homes listed for sale or lease
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