Posted on: 18th Dec, 2009 06:46 pm
I have written letters to Wells Frago asking for well, sending them everything theu ask for, and the only thing they will do for me is lower my mortgage payment $60.00, in which does not help when we have only $1,000.00 left over after we paid our expenses. My husband lost his job and was able to get another one but half the pay and Wells Fargo will not help and they will not short sale the house so I am going to be kick out, and since this has happen I have had major health problems due to the stress per the doctor help I have tried everything. What can I do?
Hi Bromranch!
Welcome to forums!
Did you try for a deed in lieu of foreclosure? If you can afford to sell off the property, then you should try out this option. If your lenders accepts this option, then you will be able to sell off the property and you won't be responsible for the balance amount. However, you must know that a deed in lieu will lower your credit score by 250 points.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Did you try for a deed in lieu of foreclosure? If you can afford to sell off the property, then you should try out this option. If your lenders accepts this option, then you will be able to sell off the property and you won't be responsible for the balance amount. However, you must know that a deed in lieu will lower your credit score by 250 points.
Feel free to ask if you've further queries.
Sussane
we file chapter 7 and put the houjse in the filing so we owe nothing but we want to try to keep the house but they wont help us
Hi Bromranch,
If you file Chapter 7, you will be able to save your property by signing the debt reaffirmation agreement. Once you sign this agreement, you'll become personally liable for the debts once again. You will have to make regular payments in order to clear off the mortgage dues. Thus, you will be able to save the property. Have you already filed Chapter 7?
If you file Chapter 7, you will be able to save your property by signing the debt reaffirmation agreement. Once you sign this agreement, you'll become personally liable for the debts once again. You will have to make regular payments in order to clear off the mortgage dues. Thus, you will be able to save the property. Have you already filed Chapter 7?