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    Lmartine's Avatar
    Lmartine Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 7, 2008, 09:23 AM
    My mortgage company is going to foreclose on my home, how do fix this?
    My family is need right now. We are about to lose our home because we got behind on our payments. We have no way to catch up on it right now.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Dec 7, 2008, 09:24 AM
    Quote Originally Posted by Lmartine View Post
    my family is need right now. we are about to lose our home because we got behind on our payments. We have no way to catch up on it right now.

    I don't know that you can fix it - the holder of the mortgage won't negotiate?

    Have you tried the various County and State Offices which are attempting to offer assistance to homeowners in your position - ?

    Are you able to make the monthly payments?
    suzQ's Avatar
    suzQ Posts: 3, Reputation: 1
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    #3

    Dec 17, 2008, 11:15 AM
    You must diligently contact your mortgage company & ask for a loan modification. 1st they will offer you a forbearance, where they lower the payments for a period to help you get back on track, putting the default amount on the back end of the loan. They will offer this before discussing a loan modification.

    You must supply them with a hardship letter explaining why this default has occurred, documents they request: paycheck stubs, year end taxes, bank statements, etc.

    It is very time consuming & you must stick with it to obtain results.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Dec 17, 2008, 11:23 AM

    All you can do is call the lender and try and work some deal up. Are you able to make payments at this point and time?
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