[jenandroy]

No new updates. I have a negotiator I'm working with and he was very nice, gave me his direct line and is researching all the programs that we may qualify for. I did find out that Sallie Mae owns our Countrywide loan and that they have many programs. One program he was looking at that Sallie Mae offered was called a silent second with 0% interest for 6 months. This would be where all our late payments and fees would go since we aren't paying anything right now. However, you need a $200 surplus to qualify for that and we are in the negative with our current mortgage payment. So, he's back to the drawing board to see what else might work for us.

Realistically, we need forbearance for about 3 more months so my husband can get his contractors license and have an income that we can prove. He had lost his framing company that he co-owned with his partner and he was working under his partner's license who has now moved to Idaho thinking there's more work up there. Right now my husband has little stuff here and there he's able to pick up but everyone is only paying cash. At least if he has his contractor’s license and his own business then they can just pay to his license and we can start proving an income. However, even after he gets his license and some work to help supplement my income we will still be unable to afford our $2300 mortgage payment. It will be a couple of years until the construction picks up again and his income gets back up to 4K + a month. So, hopefully, we can get forbearance for a couple of more months and then a loan modification to try and get our payments under $2000. In the meantime, since we don't have the $2300 a month to pay mortgage, I'm taking what little we do have left over to chip away at our credit card dept that we racked up during these hard times.

Well, probably TMI. Sorry.

Jennifer