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  1. #1
    Join Date
    Apr 2011
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    1

    Default Does Emailed Grace Period Confirmation Have Legal Standing Regarding the Default

    My question involves a foreclosure in the State of: Michigan

    If the credit manager of my credit union told me that I had 30 days grace period and that I would be alright, then followed up with a friendly reminder email putting the 30-day grace period in writing, but then her boss made her send me a default letter on 8-12-10, when I was 7 and 23 days late (under 30 days late), and wouldn't let me pay (he wanted me to also pay the property taxes (mailed 7-1-10, but not due 9-14-10), which I didn't have the tax money at time of default, does my actual due date of the 5th and 25th on two separate loans per my mortgage contract hold, or do I have legal standing to stop the transfer of properties (before redemption period is up in 1 week from today) based on the credit manager's email that states that she was giving me 30 days with which to pay? (The boss wanted to get rid of my loans, and he is behind the whole foreclosure.)

  2. #2
    Join Date
    Sep 2005
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    Posts
    98,846

    Default Re: Does Emailed Grace Period Confirmation Have Legal Standing Regarding the Default

    Either you have a contractual grace period or you do not. If you do not, then what you appear to be talking about is a thirty day forbearance agreement with the credit manager, that was revoked by the manager - perhaps because additional grounds for default came to his attention, such as your failure to pay the property taxes. If you have waited more than a year, until a week before the expiration of your redemption period following foreclosure, you should not expect to get any benefit from the supposed violation of an agreement for forbearance. That was a defense you should have raised a long time ago in relation to the foreclosure. If you have the ability to redeem the property before the end of the redemption period and want to redeem the property, redeem it.

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