CIT Bank National Association Mortgage Complaint

CIT Bank National Association Mortgage department,

Conventional adjustable mortgage (ARM) Loan modification,collection,foreclosure California

I 'm stating this because I find it absurd that the limitation for debt forgiveness is under $750000.00. I 'm a widow whose late husband refinanced against my wishes and now I 'm responsible for debt over $900000.00. In negotiations with OneWest/IndyMac for a mortage restructuring, they received a desktop evaluation that my house is worth less than $500000.00. For that reason, I refused the terms of their modification contract. In said contract, they asked me to sign the statement If, at any time, I can not afford to repay the entire amount of the loan, I agree OneWest/IndyMac can put a lien on any and all of my other assets. '' I refused to agree to that, and also can not accept a modification that 's equivalent to a sub-prime where the interest rate starts out low but increases every few years. I am now facing foreclosure so I would like to see if I can get an extension to the foreclosure date, which is now less than - months, to give me time to find a place to live.