got behind due to unexpected repairs to the house, busted pipes, hot water heater quit, central air unit went out, high utility bills, leaving check to check on a teachers salary and trying to provide for four kids and a granddaughter by myself, tried a good website called prosper.com but my credit score was to low
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Sun, Mar 28, 2010
March 28th, 2010 at 1:36 pm
What type is your loan?
Fannie Mae, Freddie Mac, FHA are all working on loan programs to help people. The reason is because the last thing they want is a forclosure.
Call your lender, dont talk to customer service (ask for the forbearance dept, if they say they dont have one, ask for the underwriter). They last thing the lender wants is for it to foreclose as well.
They have things called a forbearance. They take all your past due payments and make it a balloon at the end of your loan. So you are now back to current. And the 2 to 3 months you are behind you pay at the end.
You will only get it if you have been a good customer. But dont let it fall into default, get them on the phone now. And keep calling them. You might get 10 people that work on this but you only need one to say yes.
Its called a forbearance, it happens all the time or they wouldnt have a name for it. Just keep trying.
March 28th, 2010 at 1:36 pm
Contact the St. Vincen De Paul Society in your area. Even if you arent Catholic they will help you. Or explain what happned to your mortgage company. they mayl et you extend your payment. That will let you skip a payment, ad they add it to the en of your mortgage.
March 28th, 2010 at 1:36 pm
on the news here they ask you talk to mortgage lenders, its bad out there and they say they want to help talk to them first …. they dint want to foreclose only as a last option, they know it hard to get back on track, i would try before i lost it , they say they can put it at the end of the loan too, last payment would be what you owe now ask if you can pay over a little to catch up if the note is 543.65 pay 643. 65 as long as you try they should help if not find another lender it can be done home owner for 15 years