Hello All,

I am wanting contest my mortgage. I am assuming people are letting their homes go into foreclosure so they can get their mortgage company into court.

I want to try it a different way. Here is a letter that I want to send them.

Dear sirs,
I have turned off my recurring payments on your website onlinebanking.e-farmcredit.com. I am stopping payment and agree to start payments again on the condition that Farm Credit provides the following. Do you think this will work? Or would it be better if I summon them to court. Please let me know what you think.

1. Validation of the debt -- that is actual accounting.
2. Verification of your claim against me; that is, a signed invoice -- not a statement or note
3. A copy of a contract signed Farm Credit/Rural 1st In a letter by 'certified mail so there is an independent "witness to it being delivered."

Without Prejudice

A little more background is needed about why you're wanting to "contest" your mortgage. Are you in forbearance at this time? Are you seeking a loan modification? You may be able to find some info in the U.S. RESPA(Real Estate Settlement Procedures Act) law. It may take some research to find a particular section or provision. You may want to find the US CFR that guides this law and read through that. There may be specific State laws on the books as well. Google "real estate law" or "mortgage banking law" for your state and become familiar with it. If there is a State regulator's office, call them and ask them specifically what options are available in certain situations. You can get most of your questions answered if you pose potential scenarios. Don't tell them your story because any bureaucrat will turn you off if you are asking for legal advice.
Try not to create a situation where they will foreclose on YOU. The foreclosure laws are stacked against you. There are documents that you signed when you took out the mortgage that guarantee they will screw you over if you stop paying. Proceed with caution, the bank sets it up so you lose if you don't honor the contractual agreement you made and signed your name to. These closing documents are usually filed with the county where the property is located, making them public record of the agreement. These public records will attest that you knew that they are the first lien on the property and they have legal authority to take it if you do not perform on the contract.
Also, locate a foreclosure attorney, and ask them how they would safely navigate a loan modification with your bank. A few hundred consultation may save you thousands and some grief.
* Last updated by: L4 on 8/1/2021 @ 3:00 AM *