Loan Modification Forum - LoanSafe.org - View Single Post

melalvz · 10-20-2007, 05:44 PM

I spoke with the lawyers on Friday, they said there is a mediation in Jan. 2008 and they are advising me to hang in there. They have not talked about modification. We have actually 2 loans with ameriquest. 2003 and then refied with them in 2004. That are part of the lawsuit. I am currently at a rate of 9.7 1000$ more than what I am used to paying. My credit cards are almost 25K each. I use for food and gas, etc. My expenses are way over my head. We clearly do not know what to do!!

My other problem is that the city turned over a parcel of .34 acre ( a non buliding lot) of land next to my property of .34 acre. we are trying to merge them hoping I will get more from an aphraisal in all hope to refinance. I have an attorney working on that too. Everything seems to be a mess.

Any advice.

10-20-2007, 05:44 PM	#12 (permalink)
melalvz Member Join Date: Oct 2007 Posts: 9 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Ways to Stop Foreclosure I spoke with the lawyers on Friday, they said there is a mediation in Jan. 2008 and they are advising me to hang in there. They have not talked about modification. We have actually 2 loans with ameriquest. 2003 and then refied with them in 2004. That are part of the lawsuit. I am currently at a rate of 9.7 1000$ more than what I am used to paying. My credit cards are almost 25K each. I use for food and gas, etc. My expenses are way over my head. We clearly do not know what to do!! My other problem is that the city turned over a parcel of .34 acre ( a non buliding lot) of land next to my property of .34 acre. we are trying to merge them hoping I will get more from an aphraisal in all hope to refinance. I have an attorney working on that too. Everything seems to be a mess. Any advice.