Loans, Debt & Credit - View Single Post - Colonial Mortgage

rookie · 10-19-2009, 02:03 PM

Wait! You said he was not granted a forbearance...was he denied the modification also? Did they say why they would not give the forbearance? Is he working? Does he have ample income?

If he doesn't have the income necessary, the modification will be denied. More than likely your sons credit is shot.

I just wonder if a Chapter 13 bankruptcy filing may help. It will stop the foreclosure process temporarily, but the stay can be lifted, and the house can still be lost.

10-19-2009, 02:03 PM	#3 (permalink)
rookie Member Join Date: Aug 2009 Posts: 28 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Colonial Mortgage - CANNOT GET ANY ANSWERS FROM THEM! Wait! You said he was not granted a forbearance...was he denied the modification also? Did they say why they would not give the forbearance? Is he working? Does he have ample income? If he doesn't have the income necessary, the modification will be denied. More than likely your sons credit is shot. I just wonder if a Chapter 13 bankruptcy filing may help. It will stop the foreclosure process temporarily, but the stay can be lifted, and the house can still be lost. __________________ Got a complaint against Green Tree Services, LLC? http://www.greentreeservicingsucks.info