Posted on: 16th Aug, 2009 07:47 am
I have a co-signer along with myself on my mortgage loan. My husband did not qualify become of self employment income. We are current on our loan, but having some trouble making the payments, and would like to inquire about a loan modification program. Is this unrealistic since we are current, and have a co-signer because their income will be included with mine, although they are not helping make the payments ? Also, my husband and I claimed ch 7 bankruptcy last year (because of the business debt) and received discharge in December 2008. So re-finance is out for us to release cosigner from obligation. Is there any hope for us to get a lower payment??
Please callthe bank and explin your situation.
You may be able to get the modification done
You may be able to get the modification done
Hi Realgeni,
modifiaction of loan is only solution in this scenario?
modifiaction of loan is only solution in this scenario?
Thats the only solution I see, may be some one else on the forum might suggest some thign else.