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C Moon

(12,996 posts)

8. Wow. Yes, we have been on time for the past 10 years...

Reply to brush (Reply #6)

Wed Feb 1, 2017, 04:17 AM

Feb 2017

And I did call and ask for help before and they said, "sorry." So the picture you painted above sounds like something that I will need to go through. :O
We do have money in the bank, I wonder if they'll want all of that.
But we're both out of work as of January (layoffs)—although it appears we'll both find work quickly because the interviews are stacking up.
So, I think I'm going to start with talking to a home retention advisor. I've never heard that term. Then maybe an attorney.
Thx!

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Mortgage advice. [View all] C Moon Feb 2017 OP

Try here: Personal Finance and Investing (Group) elleng Feb 2017 #1

Thanks! I'm going to delete this so I don't get into trouble for double dipping. C Moon Feb 2017 #2

'Double dipping' like this is NOT a problem here; elleng Feb 2017 #3

Okay. Thank you x2! C Moon Feb 2017 #4

how underwater? versus the value of the home? Demonaut Feb 2017 #5

Thanks. No. I keep being asked that along with the Fannie Maye Freddie Mac question. C Moon Feb 2017 #7

Sorry, I didn't answer the first part: C Moon Feb 2017 #9

This is a tactic that has been used successfully by many who found themselves underwater... brush Feb 2017 #6

Wow. Yes, we have been on time for the past 10 years... C Moon Feb 2017 #8

You'll have the out of work fact to add to your hardship letter as well. That makes it even stronger brush Feb 2017 #10

I have a friend who got a mortgage modification - and she never missed payments progree Feb 2017 #11

Thank you for the advice. Yes. You're correct, our interest only period is ending. C Moon Feb 2017 #14

Be cautious here. JayhawkSD Feb 2017 #12

Thank you. So, are there financial advisers specializing in loans /real estate? C Moon Feb 2017 #13

There are specialists, but... JayhawkSD Feb 2017 #15

You could try posting this at the CreditKarma site. They send you offers R B Garr Feb 2017 #16

Great advice. Thanks. I'll look at that! C Moon Feb 2017 #17