CIT Bank National Association Mortgage Complaint

CIT Bank National Association Mortgage department,

Reverse mortgage Loan modification,collection,foreclosure California

This is a Reverse Mortgage situation. My mother passed away on - -, 2014 and named me Executor. We notified Financial Freedom that our intent was to clear the home of personal property, to make repairs/renovations, and to market the property for sale by -/-/2015. We were granted a 90 day extension on - -. Due to miscommunication between Realtor and Trustee, the request for extension with Financial Freedom was sent on - -, 2015 ( due at Financial Freedom by - -, 2015 ) but the request was directed to OneWest Bank, parent company of Financial Freedom. Both OneWest Bank and Financial Freedom deny receiving request for extension and instituted Foreclosure Proceedings on the Estate property. We have provided all documents requested but Financial Freedom simply states they are strictly adhering to the HUD guidelines and will not deviate. Because of this we were forced to list the property without being able to make appropriate restorative action and to accept a below-market price. We now have a contract which shall close on - -, 2015, however Financial Freedom refuses to delay, defer, or stop foreclosure proceedings, with auction date set for - -, 2015. We feel that Financial Freedom has been unwilling to work with us ; we simply requested legal extensions in order to market the property at a fair price in line with local comps.