Regions Mortgage Complaint

Conventional fixed mortgage Loan modification,collection,foreclosure

Regions Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Georgia

I received notice from my attorney - - - on -/-/2016 informing me that my mortgage lender Regions Bank dba regions Mortgage has declined the short sale offer presented to them by - stating there is not enough time to review for short sale due to the foreclosure date set for -/-/16 and that they require an offer within 35 days of a scheduled foreclosure to proceed. Regions has also declined - 's postponement requests and will not reopen the file. I believe that Regions has been unreasonable in rejecting a verified binding short-sale offer simply because they do n't have sufficient time to review the offer. The buyer has already conducted a thorough inspection of my property and home. I am desperate for help and do n't know have any remaining viable recourse to stop the -/-/16 foreclosure. I am in this position due to divorce and have been working diligently through - to complete a short sale. I do n't believe in filing for bankruptcy and I do n't have the money required for reinstatement of my mortgage loan even if I liquidate my 401K. According to my attorney Regions is not doing what the government says the lenders should to provide foreclosure alternatives to homeowners. Please help!

Regions customer in Georgia
Jan 20, 2016

* Source: CFPB Complaint Database

Regions response to complaint:
Closed with explanation

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