 Countrywide home loan? |
| we just receieved out paperwork for our home loan from countrywide, and there seems to be alot of fees added in that we were not told about, also on the phone they told us and our agent we would be ... |
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 Are the tenants right? |
| My parents recently bought a property. The people my parents bought the property from left their plants and flowers there for my mom to take. My parents recently rented the property to a couple ... |
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 If you rent a fully furnished apartment does the stuff inside become yours? |
| so like if you move again could you take stuff or if you wanted to sell something while your living there could you?... |
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 Help....i moved into an apartment building and my landlord moved her daughter into the one next to me...? |
| My family moved into an apartment building and then the landlords the very next month moved her daughter and the boyfriend in right next to me...she phones the police on our noise eg.tv.and the ... |
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 We want to sell our house... so I need some suggestions about how to fix it up. Help? |
| What are some tips you can give me? We want to sell it as soon as possible, we want to move before the end of this coming Summer. (:... |
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 Is it legal to change my mind when buying a house? |
| I put an offer on a house that I am renting. The owner knew I would be doing this. He is disappointed that I came in with such a low offer but his house needs a lot of work. I feel he is trying to ... |
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 Are these home buyers legit? |
Has anyone ever had a home bought by one of those companies that claims they will buy your home whether it is ugly or not, very quickly, usually within 10 days?
Just curious if any one has ever ... |
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 What is a normal electric and gas bill price of a one bedroom apartment? |
| I'm wanting to get my own apartment, but I want to be sure I'm able to afford it. Which I believe I can but I just want to make sure.... |
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| Here is my situation, I have no money at the moment. I am going to possibly purchase a 1920 victorian that needs some work done to make it comfy for winter. My problem is I won't have the ... |
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| If you rent and apartment and find the floor is very sqeaky, is that a good enough reason to break lease? |
not just talking about a regular sqeak.. I mean, extremely LOUD...you can tiptoe anywhere and it's still ANNOYINGLY LOUD!
FYI: before signing i was shown a model and told the one i... |
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 I'm Moving Out! How Does This Apartment Sound? |
| I'm 21 and finally moving out on my own. A friend and I recently signed a lease for http://www.oldemontgomer It will cost us both $800 a month ($400) each. We get access to a 24/7 fitness ... |
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 Mortgage gimmicks? |
| We have a lot of equity in our home, a credit rating of 661 and wanted to borrow $25k for improvements, NASB -(816)765-2200, says, "we don't like your credit score". One other loaner (Q... |
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 What is the cheapest way to live? |
What's the cheapest way to live on your own? Living in a trailer, mobile home, modular home? Living in your car?
I'm looking for creative and/or practical answers.... |
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 Hello i see there is alot of first time apartment questions well here is mine? |
i right now live at home in iowa with my parents where i have lived my whole life iam planning to just pick up and move to denver for a couple of reasons
when i first get to denver iam ... |
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 Is it a landlord's responsibility to provide a working phone line? |
Hello,
I rent an apartment in a house. My phone line went bad. The phone company said it was an old line and that the wiring inside the house would have to be replaced. My landlord says I ... |
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c h | I am 3 months behind on my mortgage. Should I let it go into foreclosure or just try and make payments? |
I am currently 3 months behind in my mortgage, because of being out of work and just recently going back to work. I cant make a payment until November 1st. Should I just let the house go into foreclosure or try and make up the payments? |
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Giddyup
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Why would you want to just let go of everything you've been working so hard to keep? Call the Mortgage Co. and explain your situation. They should be more then willing to accept some way of working it out.
Nowadays, the Companies don't want the homes (forclosure) as they're losing $$ since this is happening a lot.
Maybe you could possibly re-mortgage at some point, but you probably need to catch up first.
It sure can't hurt to try...........
Good luck........... |
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zef_mail
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The best bet in these situations is always talk to your lender, they can sometimes offer payment breaks and other ways to resolve the problem. |
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sbyldy@sbcglobal.net
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It depends on how much you have invested in the house, how much your payments are and how you feel about it. If you have taken a job paying considerably less than the one you had when you got the loan for the house, you may want to downscale. If you know you can make the payments, once you get caught up, I would talk to the lender, and see about making some kind of arrangements with them. Right now so many people are allowing their houses to go into foreclosure, that I am pretty sure your lender will try to work with you. They don't want your house, they want your money. |
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richard g
 |
you can try and contact lender and ask to do a foreberance, file chapter 11 ,use hard money lender to refi.,ask lender if they would put payments on the rear of loan,ask lender to break up payments that are in the rearto wre you pay so much back each month,like extra 150 per payment for the next 12 month to make up back payments |
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READER 1
 |
There are several questions , that need to be answered, (1) how long have you been paying on your house or how much equity do you have in it. (2) how important is your credit rating to you? (3) are you allowed to pay it off early. (4) have you talked to your bank about the payments. If you talk to them and explain the situation, they may work with you. I would try and get caught up. Once you get caught up, you can start adding to your payments and maybe pay it off early. That is what we did. We had a 30 year loan and paid it off in 15 years. By paying an additional $10 or $15 you can save a lot on the interest you pay. |
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timpoli
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you need yalk to your lender. I found interesting information about your answer & the best options here. (mortgage opportunitty refinancing )
http://all-mortgage-calculators.blogspot.com/2007/06/mortgage-opportunitty-financing-and.html
Good luck! |
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marie 1
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if there is anyway possible you are best to try and make up those payments. if not it will make it take longer to get your credit repaired. good luck and best wishes. |
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jo :)
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Ring the mortgage company! I did - I was terrified. It turned out that I could get time off, which I didn't know. I didn't even have to catch up.
They will be able to sort something out for you. And if not, it's better to know so that you can be ahead of the game and sell your home yourself and have any equity. With your new job can you afford the payments in future? That should seriously influence your actions.
These things are not the end of the world. We have been bankrupt because of a business we once had and money has been worse than tight ever since. I can imagine you are mega stressed right now.
View sorting this out as if you are dealing with business. Take the attitude of "So what; Things can't get any worse, let's try and salvage something." instead of getting so upset that you end up going under.
Take a deep breath, be brave and ring the mortgage company NOW.
Good luck. And enjoy your new job. |
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Strawberry
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Give them something and go see a lawyer! Research on the web, your mortgage company's options. Ask about a Short sale- do anything, but don't do nothing! You can drag it out for months but you have to do something --- pay a little or start communicating with them, have a lawyer communicate with them etc...
Good luck |
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JT
 |
I agree with the others. You should definitely contact the lender. Given the current state of the real estate market most lenders are having to deal with a large amount of foreclosures and short sales so I would think that they would be more than happy to deal with you since you are not at that stage yet and can, perhaps, avoid it. If you want to stay in your home then you should probably continue to make payments and work something out with the lender regarding the three that you missed.
As another poster mentioned, you can try to get a forbearance agreement with your lender. With a forbearance the lender will agree to either lower or eliminate your monthly payment for some period of time while you recover financially.
You may also be able to convince the lender to modify your loan by permanently lowering your payments or adding the amount you are behind onto the back end of your mortgage. This may cause your loan balance to go up but may also give you time to recover and will not cause your payment to go up much.
I'm sure the lenders loss mitigation department will be able to come up with something. If not, then consider refinancing. Having just started a new job that is probably unlikely. You may also consider selling your home. If you owe more than your home is worth then pursue a short sale.
As I've mentioned there are other options to just letting your home go into foreclosure. A foreclosure can cost you 200-280 points on your credit score and can stay on your credit report for up to 10 years. You certainly don't want to have to deal with that. So, try and contact the lender and see what you can work out. I'm sure something can be done. Good Luck! |
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VAgirl
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Contact them and discuss it. If you "just let it go into foreclosure" you get a nasty surprise. If they don't resell it for the amount you owe-you still get to pay the dif to them. So if you owe $150K and it goes up for sale and they get say $100K then you are still left owing them $50K. Letting them take the prop back is not the end of the matter. You need to try to work it out with them. And honestly, they don't want the place back either in this market. They want to keep you in and get you to pay it-that is better for both of you in the long run. Good luck. |
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Dee
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Hello,
unfortunately you are not the only person in this situation many people are in this predicament.
Go an see you bank and negotiate with them as soon as possible.
Options
Go and look for a part-time delivering pizzas if you have to.
Are you not able to ask friend or family for money ?
Can you rent your house out or some rooms in your house or garage? stay at your families / friends for a period of time house.until you get settled.
Dee
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