Posted on: 27th Oct, 2008 05:08 pm
i live in snellville ga. my second mortgage is threating to file a forclosure in 10 days. i am caught up with my first mortgage...which by the way revised my old mortgage and gave my a lower fixed rate. hsbc is my second mortgage and has refused to negotiate. i dont want to lose my home i just need them to work with me
Hi rroman!
Welcome to forums!
I can understand your situation and pray to God that you come out of this situation soon. You can speak to HSBC and ask them to give you a alternative payment plan. You can also try the option of forbearance which is a temporary agreement by which the lender will either reduce or suspend monthly installments paid by the borrower.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
I can understand your situation and pray to God that you come out of this situation soon. You can speak to HSBC and ask them to give you a alternative payment plan. You can also try the option of forbearance which is a temporary agreement by which the lender will either reduce or suspend monthly installments paid by the borrower.
Feel free to ask if you have further queries.
Sussane
I don't believe the 2nd mortgage holder can foreclose on you. The first lien holder would not allow it.
