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jmcfarland16 · Joined: 27 Jul 2009 Posts: 2 1.23 Dollars($)

i cant pay house payment evev if they lower payment from refinacing. im two payments behind what should i do

smithsussane · Posted: Mon Jul 27, 2009 7:37 pm Post subject:

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

Guest

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.

tigerfamous · Joined: 11 Jul 2009 Posts: 57 6.76 Dollars($)

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.

jameshogg · Posted: Tue Jul 28, 2009 10:56 pm Post subject:

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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dont make enough money to pay house payment