Conventional fixed mortgage Loan modification,collection,foreclosure
M&T Bank Corporation Mortgage department,
Conventional fixed mortgage Loan modification,collection,foreclosure Colorado
According to Colorado Revised Statute - ( - ), in the case of a foreclosure sale by the Public Trustee, a sale date can be no less than - calendar days nor more than - calendar days after the date of recording of the notice of election and demand, which is this case was recorded on -/-/-. Also, according to Colorado Revised Statute - ( - ) Dual Tracking Prohibited Defendant received confirmation from servicer, M & T Bank - during the first week of -/-/- ( letter dated -/-/- ) that a loss mitigation application had been received and that it was complete. In addition, during the same time period, M & T Bank stated in multiple phone conversations that foreclosure proceedings were suspended pending the " process of being reviewed to determine if you ( I ) qualify for assistance ''. The Public Trustee was NOT notified of such status so the foreclosure process was continuing in the " eyes '' of the Public Trustee, therefore Dual Tracking. Some time during the second week of -/-/- the defendant was notified by M & T Bank that the application as submitted by defendant was not accepted, and that a new application could be submitted, which is currently in progress. The -/-/- notification set in motion the foreclosure proceeding that was recorded on -/-/-, setting at sale date of -/-/-, which is only 57 days from the recording date of -/-/-.
M&T Bank Corporation customer in Colorado
Mar 14, 2017
* Source: CFPB Complaint Database
M&T Bank Corporation response to complaint:
Closed with explanation
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