Home arrow Mortgage Forums arrow About Mortgage Companies arrow

Does anyone have experience with

Author Message
Icon Mini Profile miller_st
miller_st




Joined: 17 Jan 2007

Posts: 918

168.95 Dollars($)
Post Posted: Tue May 08, 2007 6:03 pm    Post subject:
Like 0
Dislike 0

What happened Motomom, what Dominique said about your situation?
Icon Mini Profile Caron
Caron
Moderator



Joined: 19 Jul 2005

Posts: 1519
Location: florida
281.04 Dollars($)
Post Posted: Wed May 09, 2007 3:18 am    Post subject: RE: Getting rid of late payments
Like 0
Dislike 0

You mean that Wilmington does not accept late payments being added to the end of the loan. They require you to clear the unpaid amount first. Well, don't be so gloomy, at least I see something positive here.

You can pay half of the delinquency if they allow you to do so. Let's hope they agree. Then you won't have to wait for someone else to provide assistance. But anyway, even if you get ACORN's assistance, that will help you to get out of this situation.

Do keep us updated so that we can follow up further.

Good luck. Smile
Icon Mini Profile motomom716





Joined: 18 Apr 2007

Posts: 14

7.61 Dollars($)
Post Posted: Wed May 09, 2007 5:38 am    Post subject: Delinquency
Like 0
Dislike 0

If they approve the repayment plan over six months they want 1/2 the delinquency ($1800) now and the balance added on to the other month's regular payments or if they decline a repayment plan the only option is to pay the entire deliquency ($3600). Our delinquent mortgage is only part of the problem.... Due to my fiance being laid off I got into the payday loan nightmare and have been digging out of it. I do see daylight but it is dim.
Icon Mini Profile miller_st
miller_st




Joined: 17 Jan 2007

Posts: 918

168.95 Dollars($)
Post Posted: Wed May 09, 2007 5:25 pm    Post subject:
Like 0
Dislike 0

I have seen many people suffer because of payday loans. But it looks like they will accept the repayment plan. You had reasonable cause because of which defaults occurred and they will consider that while taking a decision.

Miller
Icon Mini Profile blue
blue




Joined: 21 Oct 2005

Posts: 1131
Location: MARYLAND
138.04 Dollars($)
Post Posted: Fri May 11, 2007 4:14 pm    Post subject:
Like 0
Dislike 0

Keep us posted on what happens Motomom.

Thanks
Blue
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
 Previous  1, 2
Page 2 of 2

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.087 seconds.