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Cannot pay mortgage anymore

Hello everyone, after 13 years of regular mortgage payments, I can’t afford my mortgage anymore. I need to know what happens next to the house, mortgage loan and what options are available to me? I just lost my construction job after 18 years.

Niicss's picture
Niicss | Joined: October 3, 2005 11:54 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

If you don't pay off your mortgage payments for the next 3-4 months, the lender will start off with the foreclosure process. If you want to [url=http://www.mortgagefit.com/foreclosure/17ways-avoid.html]avoid foreclosure[/url] and get rid of your property, then you can contact your lender and apply for a [url=http://www.mortgagefit.com/deed-lieu.html]deed in lieu of foreclosure[/url].

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:47 | Post subject:

scot.davis's picture
scot.davis | Joined: December 6, 2012 04:57 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

You can talk with your lender, explain your financial hardships and can request for a loan modification program.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:47 | Post subject:

adamsarthur87's picture
adamsarthur87 | Joined: August 13, 2012 05:01 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

You can consult a mortgage broker or real estate attorney to know of the most suitable debt relief option available in your state and that you can qualify for one.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:47 | Post subject:

kate.kelley12's picture
kate.kelley12 | Joined: March 21, 2012 03:47 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Tell your mortgage lender about the financial difficulties you are facing. Also, inform him that you have lost your job suddenly. You may request him to delay the loan payments for the time-being. You can also request him to modify your present mortgage loan in order to make the payments affordable for you.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 03:47 | Post subject:

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