- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (11)
- Stephen Ching, "Edmonds WA"
- Contributions:229
Would you be happier renting? If so, try a sale or short sale.
Loan modifications are only successful if there is enough income to make the payments.
Loan modifications are only successful if there is enough income to make the payments.
Bopmo,
You can try using a reputable third party loan modification company. You will have to pay an upfront fee to the majority of them, but if you find the right one, they will offer a 100% money back guarantee. Best of luck!!!
You can try using a reputable third party loan modification company. You will have to pay an upfront fee to the majority of them, but if you find the right one, they will offer a 100% money back guarantee. Best of luck!!!
- bopmo
- Contributions:4
Thank you.
- Rob Cochems
- Contributions:3523
- Rob Cochems
- Contributions:3523
bopmo,
If you don't want to lose your home, get on the phone with Citifiancial and see what can be done. Ask for their loss mitigation department.
If you don't want to lose your home, get on the phone with Citifiancial and see what can be done. Ask for their loss mitigation department.
- bopmo
- Contributions:4
value of home 233.500, current loan amount 215,000.00, credit score (?), I am assuming not good because we have struggled with the payment, being late for the past few years, we are currently 4 months behind. I have income that can be verified, but husband is not working and due to the economy, I am not sure how long before he will be able to find work. Maybe I should pick a spot out under the bridge for me and my kids. These answers don't sound good.
- Patrick Ignacio, "patrick ignacio"
- Contributions:322
Assuming the worst case scenario, refinancing with traditional programs today will not provide you a lower rate and payment. If anything, due to your credit and past due payments, your rate offered will most likely be higher and will not help.
Best suggestion would be contacting your existing lender to modify your current terms, or seeking professional modification assistance to structure your request.
- Rob Cochems
- Contributions:3523
To better answer that, I would need the following.
What do you estimate the value of your property to be?
What is your loan balance?
What is your credit score?
How far behind are you, and how many times have you been late?
Do you currently have verifiable income?
What do you estimate the value of your property to be?
What is your loan balance?
What is your credit score?
How far behind are you, and how many times have you been late?
Do you currently have verifiable income?
- Rob Cochems
- Contributions:3523
Behind on payments can I refinance?
Husband's company went under, I have been struggling to make the mortgage payment for the past years. I am currently behind. I need to lower the payment. With my struggling payment record, will I be able to refinance or should I just resolve that I am going to be foreclosed soon?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.