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Since September 2009
In general if you have any disposable income left over you will be denied and you said you have $1,020. So that means DENIED. Most people who try their own modifications don't understand what is really required to actually qualify for one and this is a prime example.
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Modification
lyn21
Contributions: 19
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I'd like to ask for your opinion..
Heres the situation.
I lost my job 5 months ago. So now i am receiving unemployment. 2522 a month
My first mortgage is 328k i pay 1059.17centsk a month. interest 3.879 %
2nd Mortgage 78,895k Payment is 730 a month , Interest I guess is 6.0 %
My Expenses is almost 1500 a month. Now my lender wont modify my payment so i can better pay it off. ooops and property tax of 230 dollars.and 200 dollars of HOA. SO guys tell me how can i live and survive.
Whats the best way to handle this.. I only have 1020 left over after paying bills excluding the 1st and second mortgage. Am i really just screwed?
Any advice please.
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