CIT Bank National Association Complaint

CIT Bank National Association Mortgage department,

Reverse mortgage Loan modification,collection,foreclosure California

My - - spouse and I were married - -, - and purchased our home jointly in -. In - we were interviewed telephonically prior to obtaining a reverse mortgage in -. We were told that if I quit claimed my half of our property over to my husband we would be able to withdraw an adequate lump sum to pay a low cost loan from the County of - used to upgrade and resolve much needed repairs to our aged home. In - my husband renewed the reverse mortgage for additional upgrading and to purchase a used vehicle for me. I was married to my husband throughout the term of the HECM, and there are no invalidating claims against the mortgage except my husband 's death. I have maintained the required insurance and taxes in good faith that I will be permitted to remain in my home of - years. I have been able to follow the various federal court cases in -, addressing reverse mortgages as they apply to non-borrowing surviving spouses. HUD was admonished by the court in - for not providing relief for Non-borrowing Surviving Spouses. In - HUD addressed and resolved some HECM issues for

until death. In - -, a Class Action was filed against HUD, in part, for financially discriminating against Non-borrowing Surviving Spouses in that the financial requirement listed was cost prohibitive. Within a few days, HUD rescinded all requirements and permitted all lenders/mortgagees to offer a - day extension on foreclosure proceedings being - -, -. At that time our lender, - - Bank postponed the Trustee sale of our home to - -, -. If our home is sold at auction, I will become homeless and since I am on - only, the irony is that I will have to apply to HUD for help to find a place to live. I am hoping to get HUD to offer Financial Freedom the opportunity to either extend my husband 's HECM until a final court decision is rendered or for HUD to except the HECM from Financial Freedom, since the only default is that the borrower died. Thank you so much for any assistance you can offer me, I can not afford counsel and have been handling all communications myself since my husband 's passing on - -, - and the first posted Trustee sale date in - -. On behalf of Financial Freedom, I wish to state that they have been very gracious to me and have shown a sincere willingness to help me remain in my home. Respectfully submitted