Posted on: 07th Jan, 2010 01:46 am
i am a single woman with two homes in my name only. i live in one and my niece and nefew in the other with intent to purchase. i have lived in my home for 5.5 years and the other for 1.5 years. my nefew and i will both be unemployed as of april 1st 2010.
i attempted to refinance both homes a few months back, but dietech said i did not have enough equity in either of the homes to do so. the property value had dropped too much. my property taxes are lower now due to the drop in value, and the value is less then what the loan is for.
we do not want to lose our homes, but as of april we are not sure how we will make the mortgage. what kind of help is out there? i am told not to even bother calling the lenders or the banks, they could care less if you loseyour house, becasue the government will reimburse them.
thank you
i attempted to refinance both homes a few months back, but dietech said i did not have enough equity in either of the homes to do so. the property value had dropped too much. my property taxes are lower now due to the drop in value, and the value is less then what the loan is for.
we do not want to lose our homes, but as of april we are not sure how we will make the mortgage. what kind of help is out there? i am told not to even bother calling the lenders or the banks, they could care less if you loseyour house, becasue the government will reimburse them.
thank you
"I am told not to even bother calling the lenders or the banks, they could care less if you loseyour house, becasue the government will reimburse them.
who in the world told you that? that's so false.
there is way too much misinformation out there. we've got millions of people who are lacking information, yet presenting their opinions as if it were the Word of God.
who in the world told you that? that's so false.
there is way too much misinformation out there. we've got millions of people who are lacking information, yet presenting their opinions as if it were the Word of God.
that wasn't supposed to be all boldface - only the quotes. and yes, i know that because is spelled this way and not that way. i'm befuddled all too much these days.