Posted on: 05th Oct, 2006 02:49 pm
I would like to know how long I have if vanderbuilt forcloses on doublewide, I am in state of North Carolina and i am behind half of aug rent bal338 and all of sept and now oct mortg, but i had been given an 2mothn extension in july and when i sigh ext i had to pay 558pymt and then was suppose to make another pymt of 538 on aug 1 which i didnn\'t cuase i didn\'t have it . can they foreclose without goin g thru normal procedure since i didn\'t make 1st pym after extension .please email 'van_bless2@yahoo.com'. tomorrow is my deadline to have 861and some change in which is bal of aug & sept pymt . i only have bal of aug which will still leave me neg 523 of what i\'m suppose to pay on oct6 help
Hi,
I understand your situation but if you explain your financial difficulty I am sure the lender will agree to give you some more time and not go for a foreclosure right now.
Thanks
I understand your situation but if you explain your financial difficulty I am sure the lender will agree to give you some more time and not go for a foreclosure right now.
Thanks
Hi,
You should also talk with the lender about forbearance plan to suspend your payments for a few months which will help you to gather some amounts and get back to normal payments.
In the months the payments will be stopped you can try to gain some financial stability to start off the payments on a regular basis.
casey
You should also talk with the lender about forbearance plan to suspend your payments for a few months which will help you to gather some amounts and get back to normal payments.
In the months the payments will be stopped you can try to gain some financial stability to start off the payments on a regular basis.
casey
Hi Guest,
"can they foreclose without going thru normal procedure since i didn't make 1st pym after extension?"
I think they will follow the usual procedure as in any foreclosure. Not paying the first payment even after the extension cannot have any affect on the foreclosure process.
"i only have bal of aug which will still leave me neg 523 of what i'm suppose to pay on oct6 "
You have no other option but to request the lender to suspend your payments for a few months at least so that you can gather good amount of money and then start paying for the loan.
Thanks,
Sara.
"can they foreclose without going thru normal procedure since i didn't make 1st pym after extension?"
I think they will follow the usual procedure as in any foreclosure. Not paying the first payment even after the extension cannot have any affect on the foreclosure process.
"i only have bal of aug which will still leave me neg 523 of what i'm suppose to pay on oct6 "
You have no other option but to request the lender to suspend your payments for a few months at least so that you can gather good amount of money and then start paying for the loan.
Thanks,
Sara.
Well there is certain options that you do have in this situation.
I would need to know a couple more details before I give you the exact break down of what can be done.
Contact me on my office number [Phone Number Deleted]and we will further discuss all the details.
[Phone Number Deleted on poster's request. Thanks, Sam :)]
I would need to know a couple more details before I give you the exact break down of what can be done.
Contact me on my office number [Phone Number Deleted]and we will further discuss all the details.
[Phone Number Deleted on poster's request. Thanks, Sam :)]