Posted on: 21st Apr, 2009 10:09 am
My husband lost his job and we are having problems coming up with the mortgage payments every month. They are usually late but we havent gone 30 days late yet. Can we ask for a loan modification from our lender if we are not in foreclosure? It seems like most people are in foreclosure or at least 3 months behind in their payments. I still work so I have income. Thanks. lb
In all the reading I've done I've not seen one company that has yet helped someone that isn't at least 2 months behind on their mortgage.
Mind you...this is just my perception of what I've read....I'm not an attorney or affiliated with any lending sources.
Mind you...this is just my perception of what I've read....I'm not an attorney or affiliated with any lending sources.
if you have determined you're going to need a modification, you ought to begin the process right away. check on the hud website (hud.gov) and find a FREE counseling service (DO NOT PAY ANYONE!) and seek their assistance in beginning the process.
nobody should ever have to pay to have someone do this, and there are qualified, caring counselors who are ready and willing to help you.
nobody should ever have to pay to have someone do this, and there are qualified, caring counselors who are ready and willing to help you.
You should also be prepared to document (prove) that your husband lost his job, your cash reserves are nearly empty, and you WILL have problems making your payments in the near future.
