answersLogoWhite

0

Based on the limited information that I've found-- the homeowners may have been negotiating a modification or some other terms with the lender; or payments were received that were less than the amount that is in arrears. The bank refunds the amount that was "misapplied" to the mortgage during that period and proceeds with foreclosure. The banks state they could not accept less than the full amount including fees many of which ate not explained in written form. Hope this helps some. Ann

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What is misapplication reversal?

Misapplication reversal refers to a legal principle whereby a court overturns a previous ruling or decision due to the incorrect application of law or legal standards. This can occur when a judge misinterprets the law or applies it inappropriately to the facts of a case, leading to an unjust outcome. By reversing the misapplication, the appellate court aims to correct the error and ensure that the law is properly applied in future cases. This principle underscores the importance of accurate legal interpretation and its impact on justice.


What is a synonym for setback?

check, reversal, delay


Can you take fmla for a tubal reversal surgery?

I am on FMLA after having a tubal reversal, but you may want to check with your HR/Benefits office to do double check your companies policy.


What is laspeyer's formula check whether it satisfy time reversal test?

A time reversal test will determine if a method will work forward and backwards. The Laspeyres formula check is, P01 X P10 =1.


Can a cleared check be reversed?

Yes, a cleared check can be reversed if there is a valid reason, such as fraud or an error. This process is known as a check reversal or a check chargeback.


What do Misapplication mean?

To use a phrase or word in an incorrect situation


What does check reversal mean and how does it impact my financial transactions?

Check reversal refers to the process of canceling a previously deposited or cashed check. This can happen if the check bounces due to insufficient funds or other issues. When a check is reversed, the amount is deducted from your account, potentially causing overdraft fees and impacting your financial transactions by reducing your available funds.


Where can you have an consultation with a doctor about tubal reversal?

http://www.tubal-reversal.net/ Check this out. You can have your medical records sent here to be reviewed to see if you are eligible for a reversal. That is, if you were to have one, what the likely hood of it being successful.


What is pole reversal?

what is a pole reversal


When was The Reversal created?

The Reversal was created in 2010.


How many pages does The Reversal have?

The Reversal has 389 pages.


What does Mary Warren say to reverse her reversal of prior testimony in the book the crucible?

her reverse reversal is that she reversed her reversal a long time ago there for giving her a reversible revsered reversal.