I have a question
my financial situation was horrible for the past 3-4 years…this year has seen a gradual, steady improvement…now I am a few weeks away from dramatic improvement…I am self-employed and have landed a big contract, which should provide me with security for some time…but I have one last battle to fight…besides cleaning up my credit:
I have been chronically late with my mortgage, which I know really hurts my CR, but I have ALWAYS caught it back up…I’ve been on the brink of foreclosure more times than I care to count, but I always have staved it off by paying late mortgage payments and getting current. Then I repeat the cycle, by getting 90 days behind, then come up with the $$$ to make it current…then repeat the process…this has happened 4 - 5 times…one time it went so far that they piled on $2500 in legal fees as we headed into foreclosure, but, as always, I came up with the money to bring it current…so I find myself in a familar position one last time…I owe my bank $6200 by Oct. 10 (Tuesday)…I think there is a decent shot I’ll have the full amount by then and can just clear it up and go on…if I don’t, then I’ll have more than enough to pay it off within the next few weeks, even if they go so far as to heap $2000 of “legal fees” on me again…I guess my worry/question is: can a bank ever just say “ah, heck with this guy, he’s been a chronic headache…let’s foreclose anyway.” I don’t think they legally can…I think there are some homeowners rights…and even if they legally could, I doubt they would…don’t banks really dislike foreclosing?