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zink8699 · Joined: 19 Oct 2010 Posts: 1 1.37 Dollars($)

We modified our first mortgage and our second was charged-off. We have been contacted by a debt collection agency to settle our debt. The problem is I am still out of work in Florida and have been to Indiana and West Virginia to work. Nothing big become of my trip financially. I found out my relatives were just as bad with money as I am.
I am going to a bank today to see if I can get a down payment for my settlement. I am expecting to get laughed out or thrown out. Either way it won't be pretty. We have been going down this road since 2008 and my wife and I are tired . Hope is always just around the corner. And I hope we make it there.

sara · Posted: Wed Oct 20, 2010 2:14 am Post subject:

Hi zink,

I agree with you. You shouldn't lose your hope. You should contact your second lender and apply for a loan modification with him as well. If the second lender agrees to it, then you'll be able to get an affordable repayment plan to pay off the mortgage.

Take care

Guest

I am not sure they will make a modification. They already sent it to a collection agency and we have been talking for about a week or so. He wants a sizeable down payment and I have not yet found a lender. My bank gave me advice but no money. Thanks for writing me back.

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