Posted on: 30th Jan, 2014 07:29 pm
I received a phone call from my 2nd mortgage company following up on my inquiry about not being able to pay my mortgage since my unemployment ran out. What should my offer be? I never expected this to ever be an option. Thank You
It really depends on the scenario - if you are underwater and the bank has no chance of collecting if there is a foreclosure (the 1st would get paid first) you have some leverage and may get away with a low offer - how much can you afford? How much do you owe? Whats the value? How much do you owe the 1st mortgage?
God Luck
Brian Barnes
ENG lending
Nationwide Lender
God Luck
Brian Barnes
ENG lending
Nationwide Lender