TM, nolocation given, said: “My Husband and I purchased our home in 06′ he had a stroke in ’08 and we fell behind in payments. I requested a modification in June of last year. We submitted all the necessary documents, then waited and waited.
Everytime I called, I would get a different person, and different advice. Finally in September of last year, we got a letter from Saxon Mortgage denying our modification, soon afterwards, foreclosure proceedings were started.
Our Sale date was the first Tuesday in November. It even ran in our local newspaper as it was supposed to. My husband and I moved out of the house prior to the sale date, after being told there was nothing else we could do to save the house, or prevent foreclosure on our credit such as a quick sale, or deed in lieu.
The 2nd week in November, we received a call from Saxon telling us that we were “approved” for the modification, and that a delay had been put on the sale date back in October, and the house did not go into foreclosure, but NO ONE contacted us.
We found ourselves bound to a contract on the house we had just rented, plus the down payment we used could have gone towards the down payment that Saxon was now requesting in order for us to stay in the house.
So, now we’re in a situation where if we break the contract we just signed, we can be sued, and we don’t have the $4,000.00 that Saxon Mortgage is asking for to move back in the house.
We’re trying to get an investor to buy it, which is not going well since the market is still down and the house needs work. This entire experience with Saxon Mortgage has been nothing short of a nightmare, and has caused us more money, and heart ache.”