Posted on: 27th Jul, 2009 02:13 pm
i cant pay house payment evev if they lower payment from refinacing. im two payments behind what should i do
Hi jmcfarland!
Welcome to forums!
You can apply for a loan modification and check whether or not the lender agrees to your request. If the lender considers your request for a loan modification, your interest rate for paying off the loan would be reduced to a great extent. However, the term for paying off the loan will be increased.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
You can apply for a loan modification and check whether or not the lender agrees to your request. If the lender considers your request for a loan modification, your interest rate for paying off the loan would be reduced to a great extent. However, the term for paying off the loan will be increased.
Feel free to ask if you have further queries.
Sussane
how long can i stay in my house with kids until they kick us out. will be three months behind on the first. already saved enough money to move to a rental house if we want but paying them any money if they wont do a loan modification seems pointless.
is there any equity on the house? If you have, you may want to try a short-sale and you may get sth back to your pocket.
Hi john,
A lender starts foreclosure procedure if you are more than 3 months behind on your mortgage payments. I don't think the lender would ask you to leave the property before he starts the foreclosure procedure.
Thanks
A lender starts foreclosure procedure if you are more than 3 months behind on your mortgage payments. I don't think the lender would ask you to leave the property before he starts the foreclosure procedure.
Thanks