Posted on: 30th Nov, 2012 11:21 am
Hi, my name is Brian.....
I am having a rough time in paying my mortgage by due date. I have done a modification loan and received 80.00 off my monthly payment. I am working but have taken a significant pay reduction. What I bring in a month I would always run approx 30 days late with payment. I am paid bi-weekly. trying to make payment between the 2 checks I receive a month. Have talked to lender in regards to the way for payment, but they want all of it at that time. They dont want to hear about the way I am paid and when I can make payments. Spoke with them yesterday in regards to the account after being verbally abused by rep for the lender, another person came on the phone and started talking to me in regards to a deed of lieu. Not sure what avenue to take.
If there is any assistance your can provide would be deeply appreciative, also with my situation should I be in contact with a mortgage lawyer.......
I am having a rough time in paying my mortgage by due date. I have done a modification loan and received 80.00 off my monthly payment. I am working but have taken a significant pay reduction. What I bring in a month I would always run approx 30 days late with payment. I am paid bi-weekly. trying to make payment between the 2 checks I receive a month. Have talked to lender in regards to the way for payment, but they want all of it at that time. They dont want to hear about the way I am paid and when I can make payments. Spoke with them yesterday in regards to the account after being verbally abused by rep for the lender, another person came on the phone and started talking to me in regards to a deed of lieu. Not sure what avenue to take.
If there is any assistance your can provide would be deeply appreciative, also with my situation should I be in contact with a mortgage lawyer.......
You should consult an attorney.
Hi Bears,
If you don't want to save the property, then you can go for the option of deed in lieu of foreclosure. This will help you in selling off the property and you won't be liable for paying off the deficient balance resulting from the property sale.
If you don't want to save the property, then you can go for the option of deed in lieu of foreclosure. This will help you in selling off the property and you won't be liable for paying off the deficient balance resulting from the property sale.
Get in touch with your attorney since you are unable to solve the problem. Your attorney will speak with your lender and may provide you a suitable solution to your problem.