Posted on: 27th Jan, 2011 08:22 am
indy mac, and fanny mae. however when placed on the trial period payment plan i made it timely for 6 months. i just couldnt afford the original loan amount due to loss of a high paying job.
i have been self employed since losing my job and earn enough money to pay the modified amount, my bills and live comfortably but they are still taking the house back- the house is upside down to=i bought at 150,000 and the worth now is maybe 50g.
should i talk to another bank or more qualified person at these banking institutions maybe they dont realize that theyre losing money by selling, foreclosing or walk away> seems theyre ignorant not keeping the signed loan for 150,000 thank you for any help or advice, joanne hill, phx az[/size]
i have been self employed since losing my job and earn enough money to pay the modified amount, my bills and live comfortably but they are still taking the house back- the house is upside down to=i bought at 150,000 and the worth now is maybe 50g.
should i talk to another bank or more qualified person at these banking institutions maybe they dont realize that theyre losing money by selling, foreclosing or walk away> seems theyre ignorant not keeping the signed loan for 150,000 thank you for any help or advice, joanne hill, phx az[/size]
Hi flojopooka,
It is your lender who will offer you with a loan modification. Other lenders won't help you in modifying the loan. You should once again try for a modification informing the lender about your situation. Try to convince the lender about your financial hardship and I'm sure the lender will consider your request.
Thanks
It is your lender who will offer you with a loan modification. Other lenders won't help you in modifying the loan. You should once again try for a modification informing the lender about your situation. Try to convince the lender about your financial hardship and I'm sure the lender will consider your request.
Thanks