Posted on: 26th Jan, 2010 12:20 pm
Hello:
Our third payment is ready to be auto debited for our third HAMP trial payment.
My husband just lost his job. We filed unemployment, will HAMP program need to begin w/ our servicer Wells Fargo?
I don't know what to do next.
Our third payment is ready to be auto debited for our third HAMP trial payment.
My husband just lost his job. We filed unemployment, will HAMP program need to begin w/ our servicer Wells Fargo?
I don't know what to do next.
Hi mrsxkeva,
If you complete the trial modification successfully, then the lender would consider your offer for a permanent modification. While considering the offer, if the lender finds that your husband has lost his job, then he would not be ready to give you the loan modification.
If the lender does not agree to the modification, then you'll have to go for a deed in lieu or short sale and get rid of the property.
Thanks
If you complete the trial modification successfully, then the lender would consider your offer for a permanent modification. While considering the offer, if the lender finds that your husband has lost his job, then he would not be ready to give you the loan modification.
If the lender does not agree to the modification, then you'll have to go for a deed in lieu or short sale and get rid of the property.
Thanks