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| Loan Modification Learn everything you need to know about loan modifications. Can't refinance? Are you in a ARM mortgage that's adjusted or about to? Late on your mortgage? Then this section for you! |
This is a discussion on Need Some Advice within the Loan Modification forums, part of the Foreclosure Forum category; Hello all. All things were progressing to a loan modification with Sovereign Bank and now my partner quits his job ...
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| | #1 (permalink) |
| Member Join Date: Jun 2009
Posts: 5
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Need Some Advice Hello all. All things were progressing to a loan modification with Sovereign Bank and now my partner quits his job and is moving out. I am at a loss as to what to do. $3K a month I cannot do by myself. People say, hey get a renter to help you, oh yes in today's world open your home to strangers. I would be constantly thinking when will I come home and find that someone has stolen all my stuff, or let me beloved dog out and he is lost. I have savings and don't want to utilize all that I have and then be out of a home too. I have acquired an attorney to help me figure out what is best. Their thoughts are to send another letter indicating now that I have only one income and show my lender that I am not going to walk away from my home. My Oct payment is due, I have the funds, but they lender doesn't seem to respond to people at are current. Help! |
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| Senior Member Join Date: Sep 2009 Location: Near Austin, TX
Posts: 775
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Need Some Advice is your partner on your loan? I know that it is probably difficult to sell your home in this kind of market, however, is that an option? |
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| | #3 (permalink) |
| Senior Member Join Date: Sep 2009 Location: Near Austin, TX
Posts: 775
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Need Some Advice If you want to keep going through the modification process, we will help you. As far as making October payment, well, hard to say. I personally did not pay last month. My reason was first and foremost, I did not have the money. Second, it appears that the BOA is helping homeowners who are in default before they helping those who are current. I could be wrong with this last statement, but it is just something I have concluded. If you are willing to devote the time and energy to this cause, we are here to help. There is a ton of helpful information on this forum and as you will be able to tell, lots of people willing to help too. I wish you the best of luck and please let me know if there is anything I can do to help you. |
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