A conditional acceptance just stopped a Sheriff sale!Submitted by juliusbragg on Fri, 05/29/2009 - 19:51
I have a friend who has a $130,000 house in Michigan, A law firm contacted him about 2 months ago with a NOTICE of Sheriff Sale. He sent the Law firm and B of A a "Conditional Acceptance" through a notarial service in Pennsylvania.
The 30 days passed, sent a notice of dishonor and option to cure with another 10 days to respond. They never responded, so the notary sent a 3 day final option to cur notice, and another certificate of dishonor.
Then finally a certificate of default. The law firm has dropped the case, the sheriff sale was halted, and B of A sent him a nice note "it's not too late to keep your house"
These banks lent credit, not money, which is ILLEGAL. They put up NO consideration, and instead created the money for the loan out of thin air.