Could Loan Servicing Error Cause a Foreclosure?
Facing a foreclosure is stressful; you are in danger of losing the property you worked so hard to purchase. Of course, there are a host of reasons why you may find yourself in this situation, especially when you live in Florida. Falling ill, changes in employment and even rising homeowners insurance rates can all result in your falling behind on your mortgage payments triggering legal action. But what if you were not at fault? Could errors by your loan servicer actually cause a foreclosure? Unfortunately, the answer is yes. Types of Mortgage Errors Lenders Make Not Every Mistake Is the Same Purchasing a...
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