Can a bank foreclose on my mortgage if I am still paying it in full every month?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can a bank foreclose on my mortgage if I am still paying it in full every month?
I am thinking of applying to a state assistant program for helping me pay my mortgage. Will this process send a red flag to my lender and cause them to foreclose on my house even though I am still paying and have never missed a payment? Do they even have the right to foreclose on me if I am still paying in full every month?
Asked on November 8, 2011 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
If you are current on your morgage securing the loan on the property, the chances of the lender foreclosing upon it absent an actual breach of the terms of the mortgage (payment of taxes and insurance) would be remote and have no factual basis.
The application to a state program for assistance to help pay your mortgage would not in my opinion send a red flag to your lender concerning your loan. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.