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 jmcfarland16
Joined: 27 Jul 2009
Posts: 1
1.00 Dollars($)
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 Posted: Mon Jul 27, 2009 2:13 pm Post subject: dont make enough money to pay house payment |
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| i cant pay house payment evev if they lower payment from refinacing. im two payments behind what should i do |
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smithsussane
Joined: 18 Sep 2008
Posts: 4484
Location: Alaska
435.29 Dollars($)
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| Posted: Mon Jul 27, 2009 7:37 pm Post subject: |
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Hi jmcfarland!
Welcome to forums!
You can apply for a loan modification and check whether or not the lender agrees to your request. If the lender considers your request for a loan modification, your interest rate for paying off the loan would be reduced to a great extent. However, the term for paying off the loan will be increased.
Feel free to ask if you have further queries.
Sussane |
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john mcfarland
Guest
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| Posted: Tue Jul 28, 2009 8:36 am Post subject: home forclosures |
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| how long can i stay in my house with kids until they kick us out. will be three months behind on the first. already saved enough money to move to a rental house if we want but paying them any money if they wont do a loan modification seems pointless. |
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tigerfamous
Joined: 11 Jul 2009
Posts: 57
6.76 Dollars($)
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| Posted: Tue Jul 28, 2009 2:07 pm Post subject: |
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| is there any equity on the house? If you have, you may want to try a short-sale and you may get sth back to your pocket. |
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jameshogg
Joined: 20 Dec 2005
Posts: 5167
Location: nevada
645.98 Dollars($)
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| Posted: Tue Jul 28, 2009 10:56 pm Post subject: |
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Hi john,
A lender starts foreclosure procedure if you are more than 3 months behind on your mortgage payments. I don't think the lender would ask you to leave the property before he starts the foreclosure procedure.
Thanks |
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