What does it mean when your mortgage company says that you are in litigation?

Asked by Tmc5861, 11003 Mon Jun 18, 2012

I have a pending modification with my mortgage company and they just told me that my house is in litigation. They said they could not explain it to me..what does this mean?

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2
Anna M Brocco, Agent, Williston Park, NY
Mon Jun 18, 2012
Do you mean loss mitigation...if not, it could mean they have begun foreclosing; you can check with your local county clerk to see if any notices were filed. For any necessary legal advice do consult with an attorney who specializes in real estate....
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Robbie Vaughn, Agent, Mineola, NY
Mon Jun 18, 2012
Your lender may have started a foreclosure action against you.
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