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wicklundptrs · Joined: 24 Oct 2007 Posts: 1 1.52 Dollars($)

We have trying to work with wilshire credit cor. since March of this year to make some kind of compromise to keep our house they have done nothing to inform, stay consistnet with answers, blame the previouse operator for wrong advice, never send they paperwork we need to fill out, our income has stayed the same going on three years now and cost of living has gone way up, yet they have kept raising our intrest rate up to 11.25% we are now going to be three months behind in payments. We just can,t make those kind of payments.But they won`t listen. My last call to them the gentlman said "A CONTRACT IS A CONTRACT" I said I know that but you have the power to keep the intrest at the prime intrest rate or not, he repeated himself. What can we do now but try to find a place to live when they kick us out?

jenkin7 · Posted: Wed Oct 24, 2007 8:35 pm Post subject:

Hello Wicklundptrs,

Foreclosure will have negative impact on your credit. So you have to try and see if you can avoid that.

Talk to your lender and see if a loss-mitigation plan may be worked out. You can find information on loss-mitigation at http://www.mortgagefit.com/loss-mitigation.html

Hope this helps you.

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Wicklundptrs,

I think you can try to refinance your mortgage loan. If you shop around a bit, you can find refinance loan at a lower rate. That may help you out.

Wishing you best of luck,
Larry

Guest

where do i go for a forebearance form?

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Richard ,

Welcome to the forum.

You should contact the lender or the loss mitigation department. Has your lender approved the forbearance plan?

Know more about loss-mitigation at http://www.mortgagefit.com/loss-mitigation.html

Best of luck,
Larry

firstloan19 · Posted: Sun Aug 17, 2008 8:45 pm Post subject: try to refinance your loan

I would try contacting a mortgage broker. They may have a lender who can help you out of this mess.

vegas_storms · Joined: 12 Sep 2008 Posts: 67 3.54 Dollars($)

Try http://www.hhloans.com/Forms/18.pdf for your forms

Guest

As in my previous remark our home was going to be given back to the bank of no choice of our own. Plus they would not even begin to mitigate, and with the house being on the market for 2 years we finally got an offer $3000.00 less then we owed (cash offer) Wilsher again did not want to work with us or give us an answer if it was even possible the day we called( FRI am). The buyer needed to know the day of the offer due to the fact he was From out of town. So the house ended up being taken back and later sold by the bank for $30,000.00 less then we owed. What is with that?

riseabove · Joined: 09 Nov 2009 Posts: 277 11.01 Dollars($)

short term thinking. trying to guess the market is a pretty hazardous venture at the moment!

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What can we do now about foreclosure