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Posted: Wed Mar 18, 2009 6:31 am Post subject: PLEASE HELP?????

I HAVE TO PAY TO MY MORTGAGE COMPANY $1559.00 BY THIS FRIDAY SO THEY WANT START FORECLOSURES - I DON'T HAVE IT. ANY SUGGESTING ON WHAT TO DO????

gmakerley · Posted: Wed Mar 18, 2009 6:51 am Post subject:

your first step is to call them and explain your situation, request a modification or some other solution. see what they can do for you.

the first and most important step in all cases is to discuss the situation with the lender.

smithsussane · Posted: Wed Mar 18, 2009 9:22 pm Post subject:

Hi Guest!

Welcome to forums!

I agree with George. You should have informed your lender about your hardship when you defaulted your payments and asked for a solution. However, if you want to save the property now, you will have to speak to the lender for a loan modification as George has suggested. You can also request for a forbearance. In this process, the lender will suspend or reduce your payments for a certain period of time depending upon your financial situation. To know more about forbearance, check out the given link:
http://www.mortgagefit.com/forbearance.html

Feel free to ask if you have further queries.

Sussane

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

If those you need more information you can try
http://www.mortgagebreakdown.com/foreclosure-loan-forbearance.aspx
or if information about the new stimulus package is needed try
http://www.making-homes-affordable.com/

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PLEASE HELP?????