Mortgage Forum

Mike

To some things up. We are 6 months behind on our mortgage. ASC offered a forebearance plan that wanted 2200 down then 1400 a month for 3 months then 4th payment of 3500. But they claimed after successfully completing 3 payments we would put the past balance behind us. The other paper we had at home was for us to pay 1999.99 by dec 31 or go into foreclosure. We decided we did not trust this forebearance since we never heard of it. We paid the 1999.99. The next month we called to make a payment and was told we were in foreclosure. We ended up paying (name removed) to talk to ASC for us. April 9 2008 we were served with a complaint to foreclose. We have to respond within 30 days. The killer is (name removed) has gotten ASC to offer another forebearance agreement. This time they do not want any money down and we must pay 1452 a month for 3 months than the 4th payment will be 8400. They said as soon as we make the 3rd payment we need to contact ASC to have the 8400 rolled into a modification. The papers say that it will suspend foreclosure. It wanted payments to be mailed. but (name removed) has gotten them to give us a western union account so we can pay that way and it would be documented. Does this sound right? has anyone paid for 3 months on a forebearance and had the 4th payment put onto the end of the loan? I have 3 kids and a wife I have no intent on leaving our home.:confused by the way the court papers says my lender is us bank associates