Are there any type of loans that you may get to stop foreclosure on your property?
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Worth 80k. How much in debt is the question? Do you have enough equity to go to another mtg company and get a 2nd mortgage? More important, can you start getting payments made on BOTH loans?
Odds are you won't have much luck with lenders; might be better off trying thru friends, or taking 6 months and getting a 2nd job to pay off the 3k
You may be able to refinance or get a home equity loan despite the past delinquency. You should talk to a mortgage broker in your area. Unfortunately, the new loan will probably cost more than the old loan. If you could not pay that loan, how will you pay the new one unless your circumstances have changed. Perhaps you should consider a chapter 13 bankruptcy plan that would allow you to discharge some debt while still keeping your house. Either that or consumer credit counselling which will do the same.
If you are age 62 or older and have enough equity, a reverse mortgage would stop foreclosure and eliminate a monthly payment
You can do what is called a forclosure buyout. Email me and I'll give you some details. I'm a mortgage banker and I would be glad to help you out.
Yes, you can try to refinance the loan at any time. Especially if you've been making the payments and completed the forbearance agreement, your credit might be in better shape now than it was when you started the forbearance agreement.
You should expect to see your interest rate a little higher with a new loan if your credit score has not recovered. But if you have been making on-time payments with your mortgage and other debts, there might be no problems qualifying for a new mortgage. And if your credit is better now than it was when you originally bought the house, and if you've acquired some equity, you could get end up with a brand new note with lower payments.
Just apply to a few different mortgage websites, or call a local bank/mortgage broker, and have them see what they can do for you. You might end up in a better situation now that it sounds like you've recovered a little.
Good luck.
ForeclosureFish
http://www.foreclosurefish.com/...
Contact a loan officer to see what they can do for you.
amanda with Premier Mortgage - 240-843-4416 - tell her Gina referred you. Applications are free.
There are certainly ways that can help you prevent foreclosure - though I would shop around and do some research with each company. The link below will take you to a mortgage foreclosure prevention company - you can always check with them, and then start looking around to see what kinds of offers are out there once you have an idea of what you are doing after speaking with someone there.
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