I don’t see any language in the Fannie Mae mortgage instrument that mentions the action of deceleration with an involuntary dismissal of foreclosure. I love how the banks and enabling courts have lumped “acceleration by the bank of all amounts due” with “we are going to take your house from you for failing to make monthly payments”. Dismissal means the court doesn’t award the bank legal seizure of the property...has nothing to do with their demand for payment in full.
I don’t see any language in the Fannie Mae mortgage instrument that mentions the action of deceleration with an involuntary dismissal of foreclosure. I love how the banks and enabling courts have lumped “acceleration by the bank of all amounts due” with “we are going to take your house from you for failing to make monthly payments”. Dismissal means the court doesn’t award the bank legal seizure of the property...has nothing to do with their demand for payment in full.