The Workout: Are there errors on account such as the amount in escrow?

If you have been served with a foreclosure petition, you may find that some of the information is not accurate in your account. The law allows you to request a clarification from your lender in writing. RESPA (Real Estate Settlement Procedures Act) is the law that was enacted in 1990. It requires the lender to respond within 20 days of receipt to acknwledge receipt of the QUALIFIED WRITTEN REQUEST. And it further gives the lender 60 days to conduct an investigation if the borrower claims an error.