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JenMBS · 04-23-2009, 09:41 PM

I know under MHA Mod. you do not have to be late on a payment. When I wrote my hardship letter we were not going to be able to make May's payment. Now after one of our contractors has paid us what he owed we will be able to make half our payment from that and the other half will come out of our savings. Is this going to mess things up if we make our payment? We have not heard anything from the bank yet. I really do not want to miss a payment if at all possible. I have heard some bad things about doing forbearance. We sure can't afford the extra payments fees etc. that is why we want a mod. But if the bank does not help quick here and we use our savings our savings will be gone in 3 mos. from just paying the house payment and nothing else. Sorry for the ramble...I'm starting to get more scared about not getting a mod soon enough.

04-23-2009, 09:41 PM	#9 (permalink)
JenMBS Senior Member Join Date: Mar 2009 Posts: 48 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Flagstar Bank Mod I know under MHA Mod. you do not have to be late on a payment. When I wrote my hardship letter we were not going to be able to make May's payment. Now after one of our contractors has paid us what he owed we will be able to make half our payment from that and the other half will come out of our savings. Is this going to mess things up if we make our payment? We have not heard anything from the bank yet. I really do not want to miss a payment if at all possible. I have heard some bad things about doing forbearance. We sure can't afford the extra payments fees etc. that is why we want a mod. But if the bank does not help quick here and we use our savings our savings will be gone in 3 mos. from just paying the house payment and nothing else. Sorry for the ramble...I'm starting to get more scared about not getting a mod soon enough.