Loan Modification Forum - LoanSafe.org - View Single Post

FIRMMarci · 12-01-2008, 12:24 PM

***, thanks for the quick and helpful response.
It's a fixed-rate loan at 5 7/8%, which I REALIZE is great...but we're still short each month. It's frustrating that the solution seems to be to quit trying and let it get delinquent. We have great credit, and I hate to see that trashed. What I'm looking for is a short-term solution that will get the payments down enough that the rent covers them--just until we can get it sold, for WHATEVER amount.

12-01-2008, 12:24 PM	#3 (permalink)
FIRMMarci Junior Member Join Date: Nov 2008 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Mod w/GMAC if not late...YET??? ***, thanks for the quick and helpful response. It's a fixed-rate loan at 5 7/8%, which I REALIZE is great...but we're still short each month. It's frustrating that the solution seems to be to quit trying and let it get delinquent. We have great credit, and I hate to see that trashed. What I'm looking for is a short-term solution that will get the payments down enough that the rent covers them--just until we can get it sold, for WHATEVER amount.