Comments on: divorce-how to stop foreclosure on home, ??need 15,000 to catch up on payments need help quickly?

By: Carrie N

Carrie N — Thu, 31 Jan 2008 23:59:38 +0000

The best thing to do is to start with the bank. Ask for their help… tell them the situation… see if they can help with a loan modification. I have seen cases where they will change the loan so the default is added to the principle.. it brings you current.

By: Duncan J

Duncan J — Tue, 29 Jan 2008 03:13:24 +0000

Honestly I don’t think there’s anything you can do being so far behind but you might want to talk to the people at they have professionals on staff that deal with similar problems on a daily basis.

By: yeahright

yeahright — Fri, 25 Jan 2008 09:58:21 +0000

if u sell your house yourself and return money to the bank u will get more than if u just give house to the bank – they sell it at the lowest price possible, just to get their money back

By: Hawkster

Hawkster — Mon, 21 Jan 2008 23:26:16 +0000

I’m going through the exact same thing you are, only my house is worth almost twice that, and we owe more than the house is worth.
You have two choices, you can put the house on the market for a short-sale, or you can give it back to the bank. Either way, you won’t owe anything, the difference is, when you give it back to the bank, it’ll put a blemish on your credit for 8 years, with the short sale, it won’t be as bad.
Considering the amount you need, it sounds like they’ve already warned you about kicking you out of the house, which means the missed payments have long been reported, and are a major black mark on your credit file. Unless you arranged with your lender to suspend your payments until further notice, but it doesn’t sound like that’s the case. You could also ask your lender for a homeowner assistance package, but that may not be as helpful as you’d like. You need to make your decision now before things get really bad.

By: pamelaschifferle

pamelaschifferle — Sun, 20 Jan 2008 13:06:45 +0000

My advice to you is go and see a finacial counciller…They are very good.,I’ve known many that they’ve help in the past.