Question: how do I get out of this home before I lose it and buy cheaper one?

I just did a so called mortgage modification and payment went up from $2400 to $3100. We were already having trouble, how can we pay more. Can we get out before foreclosure and find someting else? What options are availalble. There are many homes in our neighborhood for sale . Don't think we can sell in time, and my FICO score keeps taking a hit .We live in Tennessee. house worth $290,000, some homes around us priced less. My income higher than spouse. Spouse filed chapter 7 in June. Spouse not on this mortgage was in chapter 13 when home purchased one year ago.

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Answer: You should have read your paperwork when you purchased. Thats why 30 yr fixed is the way to go. Good luck; I doubt that there is much you can do with the market as bad as it is now and only getting worse as more people in your situation are hitting their new payments. You may find a bank to help, but be careful, as with your previous experience it should show you that banks/ brokers in this country are pretty much out to screw people in the same manner as used car salesmen these days. I would stay away from any business on the internet especially.

Gallatin, TN Executive home, 2 fp all redone, seller will help financing 20 min to Nashville, TN

Foreclosure Help Tennessee is a post from: Foreclosures Help Information

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