Litton/ Foreclosure imminent - Loan Modification Forum

ih8bills · 10-13-2008, 02:29 PM

I have been struggling to survive for several years now.
To make a long and complicated story shorter--
I have more mortgage than I can ever pay.
I had been to see an attorney for last-minute bankruptcy-- she would not work with me as far as her fee--so now that's out the window. (today this happened)
I have a friend who is a local attorney-- can anyone tell me how to write up a "skeletal petition" in order to file it myself-- in the State of Rhode Island ?
If I do 90% of the work-- he might file it for me.
The reason for the desperation is that the sale is tomorrow
10/14 at 10:00 AM-- hey-- I know there's not much chance... but I still won't give up !

I don't even want the house-- but had a close friend try to help me financially (almost $30,000)
so I don't want him to lose out-- I will pay him myself --later on -- but I might qualify for a loan modification-- if I can just hang on for a short while.

This would allow me to sell the house-- and pay him back that way-- the mortgage is too large --right now... local prices have "tanked" so nobody's looking at it.

I will be here all night if necessary-- so post-- or even email me.

Moe Bedard · 10-13-2008, 02:47 PM

ih8bills,

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

You would need to contact Litton and see what options the investor on your loan would have.............you would also need to get the property listed with an agent well versed in short sale negotiation before they will consider a short sale.

Executive Resolution Team
1-800-247-9727
Direct: 1-713-218-4592
Fax: 1-713-966-8852

As far as writing up legal documents.............we are not able to advise on that as we are not attorneys...........you might want to check on the Rhode Island Bar Association website to see if they have any self help sections.

ih8bills · 10-15-2008, 03:27 AM

I am sorry to report that the sale went on as scheduled-- and the lender themselves bought my house.
I am not heartbroken over it-- I did not really like the place.... and I already have new rental-house lined up-- in a great neighborhood. Perhaps it will be for the best in the long run.

10-13-2008, 02:29 PM	#1 (permalink)
ih8bills Junior Member Join Date: Oct 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Litton/ Foreclosure imminent I have been struggling to survive for several years now. To make a long and complicated story shorter-- I have more mortgage than I can ever pay. I had been to see an attorney for last-minute bankruptcy-- she would not work with me as far as her fee--so now that's out the window. (today this happened) I have a friend who is a local attorney-- can anyone tell me how to write up a "skeletal petition" in order to file it myself-- in the State of Rhode Island ? If I do 90% of the work-- he might file it for me. The reason for the desperation is that the sale is tomorrow 10/14 at 10:00 AM-- hey-- I know there's not much chance... but I still won't give up ! I don't even want the house-- but had a close friend try to help me financially (almost $30,000) so I don't want him to lose out-- I will pay him myself --later on -- but I might qualify for a loan modification-- if I can just hang on for a short while. This would allow me to sell the house-- and pay him back that way-- the mortgage is too large --right now... local prices have "tanked" so nobody's looking at it. I will be here all night if necessary-- so post-- or even email me.

10-13-2008, 02:47 PM	#2 (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: Litton/ Foreclosure imminent ih8bills, Welcome to the forum and thank you for joining................ You would need to contact Litton and see what options the investor on your loan would have.............you would also need to get the property listed with an agent well versed in short sale negotiation before they will consider a short sale. Executive Resolution Team 1-800-247-9727 Direct: 1-713-218-4592 Fax: 1-713-966-8852 As far as writing up legal documents.............we are not able to advise on that as we are not attorneys...........you might want to check on the Rhode Island Bar Association website to see if they have any self help sections. __________________ 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.

10-15-2008, 03:27 AM	#3 (permalink)
ih8bills Junior Member Join Date: Oct 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Litton/ Foreclosure imminent I am sorry to report that the sale went on as scheduled-- and the lender themselves bought my house. I am not heartbroken over it-- I did not really like the place.... and I already have new rental-house lined up-- in a great neighborhood. Perhaps it will be for the best in the long run.

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