Loan Modification Forum - LoanSafe.org - View Single Post - Modification? Forebearance? I'll Flip a Coin!

Calli09 · 02-05-2009, 07:16 AM

Good morning all! Ok, now after reading the beware post about my "possible" forebearance, I am kind of concerned. Would it be better to just miss 3 payments, do no forebearance, then request a mod?

I have not spokent to an analyst yet, was going to call for an update today, and to ask a few more questions regarding the forebearance, like will they report it to credit bureau, and also ( most importantly) should I pay some or any of my this months pmt? Its due by 2-15. I am still out of work. But now, wonder if I should just call my atty, and let him sort this out.

I feel like if I agree to this "forebearance" I am setting myself up to be stuck with no chance of a mod, then also owing more than my current payment, to catch up, which I can not do, which would make me default anyway. I truly could use the int rate reduction a mod could provide me, in order for me to stay here. From experience, what do you think I should do regarding my 2-15 payment. I am current up to now, still no job.

02-05-2009, 07:16 AM	#13 (permalink)
Calli09 Senior Member Join Date: Jan 2009 Posts: 114 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Modification? Forebearance? I'll Flip a Coin! Good morning all! Ok, now after reading the beware post about my "possible" forebearance, I am kind of concerned. Would it be better to just miss 3 payments, do no forebearance, then request a mod? I have not spokent to an analyst yet, was going to call for an update today, and to ask a few more questions regarding the forebearance, like will they report it to credit bureau, and also ( most importantly) should I pay some or any of my this months pmt? Its due by 2-15. I am still out of work. But now, wonder if I should just call my atty, and let him sort this out. I feel like if I agree to this "forebearance" I am setting myself up to be stuck with no chance of a mod, then also owing more than my current payment, to catch up, which I can not do, which would make me default anyway. I truly could use the int rate reduction a mod could provide me, in order for me to stay here. From experience, what do you think I should do regarding my 2-15 payment. I am current up to now, still no job.