lost job

0.10 Dollars($)

good evening my name is stacie Bernard, myself and husband are looking for help in regards to our mortage payment, last year we refinanced at a 10.79% payment of 1798.00 we fell behind 2months my husband called to get help the company placed us on a 12 month forberence plan bringing our payment to 2020.00 with insurance; the company that my husband worked for closed down in June of this year the once secure job of 10 years is no more. he works part time for the school district paid once a month, I work full time we have one car note, care insurance, gas for two car's and house hold bill's this is killing us.any suggestion or help out there to help this drowning family.

helping_user · Posted: Thu Sep 11, 2008 1:51 am Post subject:

Welcome Guest.

It seems that your lender has included the past dues in the forbearance plan. Is your husband looking for some other work also? because only with the school district you guys won't be able to keep the home. I'm afraid but what i can say is, you may have to leave your home. Or may be you rent it out to someone and look for a rented apartment for yourself. That too, will cost you a lot.

If you rent out, the rental income can help you pay for the mortgage but you'll have to talk to the lender as to whether he'll allow you to do so.

Thanks.

jmiller · Joined: 04 Sep 2008 Posts: 13 5.75 Dollars($)

You can have your current mortgage loan modified immediately with the help of our attorney consulting group. It takes 30-90 days. They will negotiate with the lender to give you a payment that you can afford, so that you are able to keep your home. This is apart of the new program established by the Federal Housing Administration.

elnoralittle · Posted: Wed Oct 01, 2008 12:41 pm Post subject:

can I ask why you have an interest rate that is so high?

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