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I paid $360.000.00 for my home in 2006. same home now selling for half. 6.25 30 yr fixed. help!

lost job and cannot make payments. Help
  • January 23 2009 - West Palm Beach
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Answers (4)

I'm incredibly sorry to hear about your situation. Unfortunately the answer you have received on here is your only option. No lender would be willing to take the risk of lending money on a property that is not even worth the amount they are financing you for. You do need to contact your current servicing company to go over your options. They will most likely make you complete some paperwork and right a hardship letter. Contrary to belief...banks don't want your property and most are trying to do all they can to prevent foreclosure. You sound like a perfect candidate to have some kind of modification done. Hope this helps. For other options, go to www.hopenow.com. 
  • January 24 2009
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What other kinds of optons do you think would be available?
  • January 23 2009
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Profile picture for gotbroke
Thats it
  • January 23 2009
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Contact your current lender and see what they can do.
  • January 23 2009
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