Comments on: New California Law Extends Time Periods For Foreclosures http://norcalmortgagemods.com/2009/06/16/new-california-law-extends-time-periods-for-foreclosures/ Surviving the mortgage mess Wed, 01 Feb 2012 04:19:22 -0800 hourly 1 http://wordpress.org/?v=3.1 By: Christopher C. Smith http://norcalmortgagemods.com/2009/06/16/new-california-law-extends-time-periods-for-foreclosures/comment-page-1/#comment-5705 Christopher C. Smith Sun, 26 Dec 2010 05:00:52 +0000 http://norcalmortgagemods.com/2009/06/16/new-california-law-extends-time-periods-for-foreclosures/#comment-5705 Is this law still in effect as of Dec. 25, 2010 here in California? "California Foreclosure Prevention Act"...we had a loan issued in July 2007(Countrywide) in Ventura Co., CA for $697,000...in construction business here, fell behind on payments, got a loan modification after 15 months with BofA(acquired our Countrywide loan), loan modification dropped monthly principal/interest/impound payments(2% interest for 5 years)...loan mod Fedexed to us from Recontrust mid March 2010...stayed current throught Sept. 2010...filed for chapter 7 bankruptcy on Sept. 13, 2010 with income problems still continuing to stay up with mortgage and bills...debts will be discharged on Jan. 3, 2011...we received NO Notice of Default prior to filing bankruptcy....what can happen next with BofA Home Loans? Do we have "time to buy" to attempt to cure our default with them...work is starting to pick up...much better than last year at this time... Thank you for your assistance...Chris & Suzanne Smith 12/25/2010 Is this law still in effect as of Dec. 25, 2010 here in California? “California Foreclosure Prevention Act”…we had a loan issued in July 2007(Countrywide) in Ventura Co., CA for $697,000…in construction business here, fell behind on payments, got a loan modification after 15 months with BofA(acquired our Countrywide loan),
loan modification dropped monthly principal/interest/impound payments(2% interest for 5 years)…loan mod Fedexed to us from Recontrust mid March 2010…stayed current throught Sept. 2010…filed for chapter 7 bankruptcy on Sept. 13, 2010 with income problems still continuing to stay up with mortgage and bills…debts will be discharged on Jan. 3, 2011…we received NO Notice of Default prior to filing bankruptcy….what can happen next with BofA Home Loans? Do we have “time to buy” to attempt to cure our default with them…work is starting to pick up…much better than last year at this time…

Thank you for your assistance…Chris & Suzanne Smith 12/25/2010

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