Posted on: 07th Apr, 2009 12:46 pm
I contacted my lender because I have been struggling paying the mortgage every month since my husband passed away. I have sold things in my home just to pay the 1 & 2nd mortgage I have taken out money from my 401 k with a tax penalty I heard that the new package will have your payment not more than 31% of your gross income. This will help me alot I have contacted my mortgage company and filled out the financial statement a hardship letter and also a copies of my pay stub and IRS TAX INFO. Is there anything else that I should be doing I am 1 month behind on my payments 2 months on the 2nd mortgage. The homes in my area are just not selling.
Hi Guest,
The new stimulus package is a great help for those finding it difficult to make payments on the loan. I think whatever you have submitted should be enough and you need not provide any other documents. Now you need to wait for a response from the lender. Keep in touch with them and keep yourself updated on the status of your application for the modification. Hope this works and you can afford to make the payments under modified repayment plan so you can keep your house.
The new stimulus package is a great help for those finding it difficult to make payments on the loan. I think whatever you have submitted should be enough and you need not provide any other documents. Now you need to wait for a response from the lender. Keep in touch with them and keep yourself updated on the status of your application for the modification. Hope this works and you can afford to make the payments under modified repayment plan so you can keep your house.