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Answers (5)
- lamaSr
- Contributions:65
Anna Brocco is correct. I'm a CPA and I wouldn't deal with the bank without a lawyer in a matter such as this.
- Bob Duckworth, "Bob Duckworth"
- Contributions:96
Call the customer service number on your statement. You will probably get a recording asking you to enter your account number. DO NOT ENTER IT. If you do and you are behind on your payments, you will immediately be transferred to collections which is not where you want to be. Wait for a live person to pick up and when they ask you for your account number, just tell them that you would like to speak to someone in the Loss Mitigation Department. That is the department that can work with you to keep your home. There are many ways they can help such as extending the term of your loan (from 10 to 20 years for instance) to lower the monthly payment. You will have to show hardship but it sounds as if you can do that.
There is also a program called HOPE NOW. It operates 24/7. The website is www.hopenow.com and the number is 1-888-995-HOPE. It offers support and guidance in helping you work through these situations.
There is also a program called HOPE NOW. It operates 24/7. The website is www.hopenow.com and the number is 1-888-995-HOPE. It offers support and guidance in helping you work through these situations.
- HomeSand.net, "White Picture"
- Contributions:4391
Talk to your bank, some banks have the programs that defer the payment in few months.
- wetdawgs
- Contributions:26786
It sounds like you are in a situation that may lead up to foreclosure. It is important to contact your lender when you are having difficulties with payments - the earlier the better.
What can you do to stop them from taking the home?
1. If you have equity in the home, put it on the market and sell.
2. If you are underwater (i.e. owe more than you can sell it for), investigate a short sale. It sounds like you do meeting the hardship claims.
3. Come up with cash somewhere to meet the short payments of the last few months.
4. Allow it to go to foreclosure.
What can you do to stop them from taking the home?
1. If you have equity in the home, put it on the market and sell.
2. If you are underwater (i.e. owe more than you can sell it for), investigate a short sale. It sounds like you do meeting the hardship claims.
3. Come up with cash somewhere to meet the short payments of the last few months.
4. Allow it to go to foreclosure.
- Anna M Brocco, "anna b"
- Contributions:586
I'm sorry to hear about your situation--but you really need to pose your question to your attorney for an accurate answer.
Am I going to loose my home?
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