Hi Poppy,
We do have an ARM. It was a refi and we had a credit score of 700 for me and 670 for my husband at the time. This is what she puts us with. I had no idea. I was "stupid". Honestly, I trusted her as we have used her many times before and I know nothing about loans it is like they are talking another languare to me. I have learned my lesson the hard way. Anyway, our arm has since adjusted 3x. My loan officer set it up that taxes and insurance are paid seperately by us it is not in escrow. I have no idea why she did that.
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At this point they will probably do a forbearance roll to modification plan if you are extremely far behind. That means that they will want to see 5 to 6 months payments with a lump sum that will be capitalized and rolled onto the principle balance at the end of the on time payments with the 5 to 6 months plan.
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I am confused. Does this mean we would need to come up with the money asap for the 5-6 months? We only have about 2 months.
As for our BK lawyer telling us that
CW would not work with us, I am lucky he can even remember our case when I call him. He confuses us with other people a lot!