| Pending Foreclosure - Unfair?
California:
In 1991 I obtained a Second on my home - a Lien was put in place my the lender. Four years later, a payment was returned to me ..and another.. I went to the local Lending branch and was informed that my " loan and all paperwork was lost, and I would no longer be obligated for the balance" .. ( I know how this sounds..) - The lender reconveyed my title, issued me a letter saying " all paperwork was lost, Debt is paid" and as far as I was concerned, it was over. Then in 1995 I received a letter from a large collection agency claiming I owed an enormous amount of money, they had all the paperwork, and they required payment. I was informed that the lender (and their office) had no authority to dismiss my loan. It was now owned by another Company, and was due immediatley. I didn't hear from them again for another year (this year) - NOW they say I have 14 days to pay or they will begin Foreclosure Proceedings (14 days is original loan due date) - I believe them - Do they have this right after all these years regardless of the possible mis-use of authority? Was I supposed to be informed years ago of my loan changing hands? - I have refinanced my home several times in the past few years - NO Title problems - Doesn't seem fair this can happen after I tried to pay and was told BY MY LENDER to "forget it" - What can I do? Do I have a legal Argument in California for this? | 
11-24-2006, 06:14 PM
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