stressedYesterday we get a letter stating that because of how the housing market is these days, they do not feel that our house is worth what it was appraised at a year ago and they will be cancelling our mortgage two days from when the letter was dated. The kicker, the letter was dated April 23 and we received it on April 28th!!!.
Needless to say we have thousands of dollars of checks out there that are going to bounce. I'm so panicked and stressed right now I have no idea what I'm going to do. The absolute gall of these people!! Did they think that this wasn’t important enough information to warrant a phone call??!!? Or how about a letter that would reach us in time, is that too much to ask?
We contacted National City today and are appealing the cancellation. I can only hope that they at least relinquish enough money to cover the checks already out there and to get the bathroom finished.