Bank error in my Subordination Agreement
This sounds like a typical story at the beginning, IÂm in Georgia and earlier this year I fell behind in my home loan payments. The bank is unwilling to modify the loan. The only way for me to have the loan reinstated is by coming up with the cash to pay for all of the missed payments.
What happened next was unexpected. I received an innocuous letter from a lawyer at the bank saying that in the Subordination Agreement the bank had mistakenly used an erroneous date and also a wrong property in the recording information for the Security Deed which describes the security interest.
They ask that I sign 3 different forms and send them back in a prepaid envelope. The first is an Acknowledgement of Service paper, the second is a Complaint for Reformation, Declaratory Judgment, and Equitable Relief paper and the third is a Consent Order between myself and the Bank.
Should I just sign these papers and return them to the Bank because this a typical bank error that has no bearing on me? Any thoughts would be helpful.