Behind 7 payments, dx cancer, no hope - Loan Modification Forum

up in arms · 08-09-2008, 12:08 PM

My mom was just diagnosed with cancer about 4 weeks ago and told me on our way to treatment that she is behind on her house payment, 7 months! She is in no condition to move. She has not contacted anyone in regards to this. I advised her to call HOPE to see if they can do anything for her. Her loan is a fixed 6.7% with HOME EQ. Her credit is shot so a refi is out of the question. I do know that she has to come up with 14 thousand by the end of the month and on a fixed income and given the cost of her meds, it is unlikely that she can pull it off. I am not sure where they are in the process of foreclosure, but given the circumstances, I assume pretty close. What else can I do to help?

wchamilton · 08-09-2008, 12:36 PM

Quote:

Originally Posted by up in arms

My mom was just diagnosed with cancer about 4 weeks ago and told me on our way to treatment that she is behind on her house payment, 7 months! She is in no condition to move. She has not contacted anyone in regards to this. I advised her to call HOPE to see if they can do anything for her. Her loan is a fixed 6.7% with HOME EQ. Her credit is shot so a refi is out of the question. I do know that she has to come up with 14 thousand by the end of the month and on a fixed income and given the cost of her meds, it is unlikely that she can pull it off. I am not sure where they are in the process of foreclosure, but given the circumstances, I assume pretty close. What else can I do to help?

Welcome to the forums, up_in_arms... hang in there; one of the moderators will be along shortly to answer your questions.

Dan Bailey · 08-09-2008, 12:56 PM

Start contacting the mortgage company...worst thing to do is hide from them. Even if you do the talking for her. Draft up a hardship letter (see example in the "homeowners toolbox on the left side of forum) Call local angencies for help, the hospital finance office may even be able to guide you in a direction-I'm sure they deal with this alot.
Don't give up hope and hang in there!!

Moe Bedard · 08-10-2008, 12:09 AM

Hi up in arms,

Welcome to the forum and thank you for joining...............

Can you please find out if your mom's loan is either FHA or Conventional backed by FannieMae? Also if the past due amount was able to be caught up would your mom be able to afford the payments moving forward?

up in arms · 08-10-2008, 01:28 AM

This is a wonderful site!

It is an FHA, and she was told that she must pay 14000 by the end of August. I am not certain that she would be able to afford the payment now with the price of her meds, gas,and energy costs. She would definately benefit from a decrease in her payment, but then who wouldnt right now. ; ) Thanks for being here.

08-09-2008, 12:08 PM	#1 (permalink)
up in arms Junior Member Join Date: Jul 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Behind 7 payments, dx cancer, no hope My mom was just diagnosed with cancer about 4 weeks ago and told me on our way to treatment that she is behind on her house payment, 7 months! She is in no condition to move. She has not contacted anyone in regards to this. I advised her to call HOPE to see if they can do anything for her. Her loan is a fixed 6.7% with HOME EQ. Her credit is shot so a refi is out of the question. I do know that she has to come up with 14 thousand by the end of the month and on a fixed income and given the cost of her meds, it is unlikely that she can pull it off. I am not sure where they are in the process of foreclosure, but given the circumstances, I assume pretty close. What else can I do to help?

08-09-2008, 12:56 PM	#3 (permalink)
Dan Bailey Loan Safe Moderator & Homeowner Guide Join Date: May 2008 Location: Wilmington NC Posts: 1,407 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Behind 7 payments, dx cancer, no hope Start contacting the mortgage company...worst thing to do is hide from them. Even if you do the talking for her. Draft up a hardship letter (see example in the "homeowners toolbox on the left side of forum) Call local angencies for help, the hospital finance office may even be able to guide you in a direction-I'm sure they deal with this alot. Don't give up hope and hang in there!! __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.

08-10-2008, 12:09 AM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Behind 7 payments, dx cancer, no hope Hi up in arms, Welcome to the forum and thank you for joining............... Can you please find out if your mom's loan is either FHA or Conventional backed by FannieMae? Also if the past due amount was able to be caught up would your mom be able to afford the payments moving forward? __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-10-2008, 01:28 AM	#5 (permalink)
up in arms Junior Member Join Date: Jul 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Behind 7 payments, dx cancer, no hope This is a wonderful site! It is an FHA, and she was told that she must pay 14000 by the end of August. I am not certain that she would be able to afford the payment now with the price of her meds, gas,and energy costs. She would definately benefit from a decrease in her payment, but then who wouldnt right now. ; ) Thanks for being here.

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