What Letter Can I Send A Lender To Stop Calling As I Start The Foreclosure Process?
December 23rd, 2009 - ByPosted in Stopping Foreclsoure
I am about to start the foreclosure process. I know the lenders will send mail, but is there a way to get them to stop calling my home and buisness? I heard that you can send a letter to the lender and they have to quit calling and can only contact you through the mail.
2 Responses to “What Letter Can I Send A Lender To Stop Calling As I Start The Foreclosure Process?”
December 23rd, 2009 at 8:30 pm
I think you’re mixing up credit laws. Since the lender is still technically a lender, and not collection agent (not yet, anyway), they have every right to send you letters about what you owe. If you want to KEEP your home, you should really try to establish a dialog with them. Many lenders don’t want to have a home that they can’t sell on their books. It costs them a LOT more than it’s going to cost you. They are motivated to figure out a solution…if you let them know.
Have you talked to your lender about a loan modification or loss mitigation arrangement? It wouldn’t hurt at this point to ask them. They don’t want a house collecting dust on their books, either. They might be able to work out an arrangement with you. I would call them and ask. And check out this book:http://lotsa.info/stop-forclosure.html
December 24th, 2009 at 12:47 am
I do know that if they get a letter from an attorney that says all communication must go through the attorney that the lender will get in trouble if they contact you directly. I think once the official attorney letter is sent it becomes harrassment for them to call you.
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