Posted on: 18th Jul, 2012 12:12 am
I owe $93,390 on my first mortgage. My home is worth about $120,000 and is due to foreclose. The mortgage lender did a modification on the second loan and the interest rate went from 11.375% to 7%. With the first loan, I guess it was not that easy. I lost my job a few months ago and my husband has been trying to make ends meet on his income alone. As of right now, I have no income. My last job is saying that I quit and that is the reason I am not getting unemployment. I have tried to get welfare and because of his income, we don't receive any money.If there is some kind of loan modification that we could do to save our home and make the payments more affordable, then please share with me!!
Hi bonny,
As you don't have a job, it won't be possible for you to get a loan modification. If your husband is on the loan, then he can apply for a loan modification. As he has a job, he may be able to get a loan modification.
As you don't have a job, it won't be possible for you to get a loan modification. If your husband is on the loan, then he can apply for a loan modification. As he has a job, he may be able to get a loan modification.
Hi bonny!
Welcome to forums!
You and your husband can even contact the lender and apply for forbearance to save your property from the imminent foreclosure.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You and your husband can even contact the lender and apply for forbearance to save your property from the imminent foreclosure.
Feel free to ask if you've further queries.
Sussane