Asked by Melinda Rushlow, Southgate, MI • Tue Oct 28, 2008
My sister had a mortgage on her home and paid $16000 interest in 2006. The mortgage co started raising her interest rate every 2-3 months by 2 pts and she ended up paying $34000 in interest in 10 months in 2007. Her husband is a bricklayer and hasn't had any work in 2 yrs. They used his inheritance to make the payments in 2007 but with them raising the interest that much they just couldn't keep up. Their house has been in foreclosure since May, she goes to court this Friday and we just need to know when she legally has to vacate her home. She really hates to leave, they built that house and she loves it. If it wasn't for the corrupt mortgage companies, people wouldn't be losing their homes. Please tell us what to do
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