Hi All...
Thank you kindly for any help you can provide. A little background here. We fell behind on our mortgage last year due to a large medical expense. (Surgery deductible for our son) I was always careful never to fall 3 months late as I was told that is when the nastiness happens. I continued to rack up late fees so I asked them for a loan mod. I thought that is what they gave me. But unfortunately it was a forbearance plan which is only temporary. I didn't know this at the time.
So the forbearance plan required me to make half our payment $895.47 for 6 months. To be honest I didn't want to do that because at the end of the 6 months I would owe even more. So I paid that payment every 2 weeks. My intentions were to catch up. After 6 payments I was kicked from the FP because it was set up to take 6 payments not 6 months. So now I am right back where we started at 2 months behind.
My question is how hard will it to get a loan mod? I don't want to go through months of back and forth paperwork only to be denied. Our financial situation has not changed since we were given the FP. What I really wish for is them to push the 2 months we owe to the end and have us start fresh. But that is something they don't seem to do. I have asked several times only to be ignored.
Anyone have any advice for us? This situation is causing great stress. Thank you very much.
Thank you kindly for any help you can provide. A little background here. We fell behind on our mortgage last year due to a large medical expense. (Surgery deductible for our son) I was always careful never to fall 3 months late as I was told that is when the nastiness happens. I continued to rack up late fees so I asked them for a loan mod. I thought that is what they gave me. But unfortunately it was a forbearance plan which is only temporary. I didn't know this at the time.
So the forbearance plan required me to make half our payment $895.47 for 6 months. To be honest I didn't want to do that because at the end of the 6 months I would owe even more. So I paid that payment every 2 weeks. My intentions were to catch up. After 6 payments I was kicked from the FP because it was set up to take 6 payments not 6 months. So now I am right back where we started at 2 months behind.
My question is how hard will it to get a loan mod? I don't want to go through months of back and forth paperwork only to be denied. Our financial situation has not changed since we were given the FP. What I really wish for is them to push the 2 months we owe to the end and have us start fresh. But that is something they don't seem to do. I have asked several times only to be ignored.
Anyone have any advice for us? This situation is causing great stress. Thank you very much.