HomEQ / setting payments too high
I have a complaint against the way Homeq handled loan modifications, foreclosure and repayment plans. In September of 2008 I paid Homeq $14, 000 in an efford to keep my home from foreclosure. I was forced to sign a document 2 days before the foreclosure in an effort to keep my house off the market. The payment plan was impossible for me to maintain because I am unemployed and was only receiving unemployment at the time. I did have other income from my late husband's pension but it was not enough to make the $2600 monthly payment requested by Homeq. I told them it was impossible to make. Homeq in turn told me either to sign or my house will be sold in foreclosure. I signed the paper and made one payment in November 2008. In December I put my home on the market and it did not sell. On February 9, 2009, Homeq called me and requested $6, 200 and they would allow me to modify my loan. My monthly payment would then be 1500 per month. The problem is I did not have the $6, 200 to keep my house from being auctioned off. My house was put up for auction on February 25, 2009. No one purchased it.
Am I allowed to purchase my home back? Did Homeq handle my account correctly? I asked if I could have the sale date moved back in an effort to allow me to raise the money needed to stop the foreclosure. I would really like to repurchase my home. I am not working at the present time but am actively looking for work.
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