Hello. Per Chap 48 48 Stat 112, I've recently applied a private administrative process using a set-off bond to discharge a mortgage
loan debt. I'll be going to a foreclosure litigation hearing soon. Generally, does the remedy hold in foreclosure court? Thanks.
JA: Since laws vary from place to place, what state is this in? And has any paperwork been filed?
Customer: Suffolk County New York.
JA: Has anything been filed or reported?
Customer: A preforeclosure hearing was initially scheduled and attended. The bank had submitted it's supportive docs per their claims that the loan and debt were valid. The creditor has completely ignored the private administrative process which was served to the creditor's CFO throughout the process. I had sent the creditor's attorney the documentation for the private administrative process including my Affidavit of Reservation of Rights. They showed up as if the debt was valid and were ready to consider an application to refinance. I said, no...the debt is satisfied. As a result, the Magistrate declared that the case would be moved to litigation and that I would have a date in about 3 weeks. I'm still waiting for a date and a foreclosure justice to be assigned.
JA: Anything else you want the lawyer to know before I connect you?
Customer: I guess that's about it for now. Thanks.