Posted on: 09th Oct, 2008 10:16 pm
behind 2 months on mtg. because of illness. have been playing catchup 4 a year. l..while sick i got behind on mtg. took out money from my 401 and caught up note. following month mtg company sent me out a new statement with additional fees and penalties. i had to come up with 7,000. and i was tol this would make me current. now i am unable to pay the additional fees added and i am getting behind due to additional penalties. what can i do to not lose my home. i can not refi. due to mtg. lates.... lender is a nightmare.
Hi carmen!
Welcome to forums!
I understand your situation and hope that you will soon come out of it. You can speak to the lender regarding repayment plans. You can explain the situation to the lender and I hope, they will help you with a repayment plan through which you can pay off the loan.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
I understand your situation and hope that you will soon come out of it. You can speak to the lender regarding repayment plans. You can explain the situation to the lender and I hope, they will help you with a repayment plan through which you can pay off the loan.
Feel free to ask if you have further queries.
Sussane
Hi carmen!
You can try and rent some portions of the house which will generate income for you and you try to pay some of the debts by the rent. loan modification can also be a good option. Speak to the lender and check what schemes are available.
Thanks,
Jerry
You can try and rent some portions of the house which will generate income for you and you try to pay some of the debts by the rent. loan modification can also be a good option. Speak to the lender and check what schemes are available.
Thanks,
Jerry