Posted on: 22nd Aug, 2008 03:17 am
Ive found alot of the comparisons between the two but Im in a kind of unique situation I think. Im mainly looking for some suggestions/opinions. I have been recently medically seperated from the Navy for a seizure disorder resulting from brain surgey following a ruptured blood vessel. I had been making very good money in the millitary and was able to keep current on my financial situation. I have been able to find a job somewhat related to my millitary occupation but the pay is nowhere near the same. I cannot find anything matching in my area that pays anywhere near and now I cannot affoard to meet my fiancial responsibilities while supporting my family. Also the current job I have is creating a major hazzard for me with my condition. I do not want to lose my home, but I am at my wits end. any advice would be extreemly welcomed! Sorry for the long post.
hello mike,
so sorry to hear about your physical and financial difficulties.
larry is correct.
you need to be talking to your lender. be sure to ask to speak to someone within the loss mitigation department.
your lender has several options available to you to try to help keep your home. these options include a special forbearance, repayment plan, loan modification, etc. please contact your lender and see what workout plan that you qualify for.
a deed in lieu is always only used as a last resort. and there are many requirements that must be met before your lender will consider a deed in lieu. i truly hope that a bankruptcy will not be necessary for you either. both of these options damage your credit extremely.
please let us know if you still have other questions and need more help.
good luck.
so sorry to hear about your physical and financial difficulties.
larry is correct.
you need to be talking to your lender. be sure to ask to speak to someone within the loss mitigation department.
your lender has several options available to you to try to help keep your home. these options include a special forbearance, repayment plan, loan modification, etc. please contact your lender and see what workout plan that you qualify for.
a deed in lieu is always only used as a last resort. and there are many requirements that must be met before your lender will consider a deed in lieu. i truly hope that a bankruptcy will not be necessary for you either. both of these options damage your credit extremely.
please let us know if you still have other questions and need more help.
good luck.
