I'd really like a variety of opinions, so I thought I'd post here in case anyone has faced something similar or just knows how this stuff works.
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.....:
I have been chronically late with my mortgage,, 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?