Any help out there to prevent foreclosure?
Question:
Answer:
Sell, sell,sell, and save your credit
Try CountryWideHomes
With the recent market crash in the sub prime market, thousands of people are facing the same situation you are. The government is working towards establishing more programs to help out. Visit:
http://www.hud.gov/foreclosure/index.cfm...
AND
http://ezinearticles.com/?save-your-home...
Best of luck to you!
creative financing could help..get a better loan with a fixed rate but darling I hate to tell you this most any kind of loan can change your contract at any time they want..some can raise interest because you didn't pay your light bill. I swear ! I don't usually advise bankruptcy to for debts but to save your home it may be the only way. There are many bankruptcy attorneys that have free workshops to teach consumer a little before they do a bankruptcy and I think some type of credit counseling is required now-a-days anyway. My alter ego..that little evil one that sits on my shoulder tells me that if a mortgage company took advantage of me I would burn that you know what to the ground before I let them take my home AND ruin my credit. Either way you are looking at your credit being mussed up but hey the good news is that if you don't file bankruptcy...it is suppose to only stay on your credit bureau for 7 years..bankruptcy leaves a trail almost forever. Don't pay any credit counseling/debt consolodating companies a dime for advice and don't get sucked in either. Talk to your bank...not the people with the loan..your very own bank and see if they can give you some options.
Currently, there is a company out there helping others by refinancing the homes a lower intrest rate and monthly payments. I think its the May something. Google it! There was an annoucment on the web.
You should always let your lender know first that you are having trouble making your mortgage payment. That is the biggest mistake consumers make, they just don't pay their mortgage and don't correspond with their lender.
Call them and tell them what is going on. They may be able to do something to help you. They would much rather work with you than take back your house. That is not the goal of a lender.
Also, another person answered that mortgage companies just change things on them. This is NOT true. A mortgage company can NEVER just change your interest rate, even if the loan is sold over and over again to different companies they have to honor the original note. If you interest rate changes it is because you did an ARM and the initial fixed period is up, then it will adjust depending on the terms (1 mo, 6mo, 1yr).
Good luck to you! There is help out there, but act now!
It seems your real issue is your bad credit. If you fix this you will be able to refinance based on a better interest rate.
There are companies that do rapid credit repair. They can charge up to $1,500 but they are worth it based on the money it will save you.
Mortgage lates and mortgage non-payments are the worst thing to do to your credit. Pay the bill and at the same time repair your credit.
It can take 30-60 days so you should work on it now.
If you need additional assistance feel free to be in touch. I'm not a mortgage broker, I'm a Realtor, but I can point you in the right direction.
Refinance for a fixed rate. Shop around with all lenders. Bc you have bad credit it will not be good but maybe u wife can refinance if she has better credit. If you have been making ur mortgage payments on time with your present lender u shouldnt have problems. Late payments are never good. you need to start searchign now! rates are lower and if will give u enough time to save you own end! if you still think you cant pulli t off sell and save ur credit and ur assets!
Please Please Please go to my website and fill out the form. our comapny will do everything they can to save your home. I look forward to speaking to you. http://www.consolidatedsg.com/brmj41975/...
Demetria Haller ( brmj41975@yahoo.com)
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