Stop Foreclosure Assistance
June 12th, 2006
Stop Foreclosure Assistance
Question: How to stop a foreclosure?
I was diagnosised with cancer in April of this year and have to undergo to different surgeries thus causing me to lose my income. Due to the excessive medical bills we are currently behind on our mortage payments and are facing a possible foreclosure. Is there anyway to keep our home and be able to get our payments back on track? We are finally getting back on track but still cannot make the back payments. We are still living on my husbands income alone. Help!!! I have no idea what to do or where to go for assistance. We have 3 children and do not want to lose our home. I have checked here locally for assistance and have come up with nothing. Any suggestions would be helpful. Thanks and God Bless!
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Answer: In order for your lender to be of some help to you, the situation that cause or is causing you to be in foreclsoure has to have changed.
In order for your lender to be of help to you you need to call them and explain your situation to them. Ask if they can be of any help to you so as not to lose you home.
Ask them for a forebearance agreement. This agreement will basically call for you to make the back payments up in small monthly payments at a payment you can do in addition to your regular monthly payments.
This agreement can last from 24 months to some where around 48 months. Make the best deal you can so you can afford the two payments that you will be required to make.
It will be sort of like you now having two (2)mortgages
They might also have other programs for you to consider, so make sure you ask if there are others. If you don't get the response you want from the first person you speak with ask for a manager. Failing to reach an agreement with a manager ask for a supersvisor.
You have to remember the mortgage company does not want your house. They are in the business of lending money not managing or selling houses. They already know you and would rather keep you as a client. Keep asking for someone until they agree to make an arrangement with you.
I hope this has been of some use to you, good luck.
"FIGHT ON"
How to Stop FoReal foreclosure assistance for Homeowners
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