Archive for Job
Help With Foreclosure Proceedings – Should I Close My Savings Account?
Posted by: | Commentswe have a HUGE monthly mortgage and haven’t paid our bills in like 6 months- so they start our hardship paperwork (to avoid foreclosure and possibly qualify as we have a Fannie Mae loan) as i lost my job. The problem is that my wife has a seperate savings account with about 7k in it that she was saving to open a business with her mother. We have to report all our financial information to qualify for the hardship, including this account. Any advice? Should we just make a big withdraw, but then they’ll see that? Any help would be appreciated. Thanks!
Need And A Advise On Foreclosure??
Posted by: | CommentsI am in a big dilemma.. I bought the house 2.5 years ago and about 8 mo my wife got a job at 95 miles away. I drove 30 miles same way. We tried to sell the house but had bo luck and I’will have to move closer to my wife’s job because of the kids. If I don’t sell the house I will stop making payments because we can’t afford 2 payments. The place where I move the market is even worst than where I am now and I tried to contact the bank to see if it’s possible to kind of do a mortgage transfer on another foreclosed house in the new place and they told me that it’s not possible. I don’t know what to do.. How to avoid foreclosure, but can’t avoid two house payment.Can you give me some advise, what should I do?
Imminent Foreclosure?
Posted by: | CommentsOur house payment has increased by $900 and one of the family members has lost job, so most likely we’ll have to go with a foreclosure (no equity for refinance). Anyways we have been talking to some loan officers/realtors and they said that “short-sale” is one of the options to can take to save our credit and avoid foreclosure. Taking their advice, I called several companies who had “We Buy Houses” ad on the road sides and their offers seemed too good to be true, saying that they will offer 5 months rent for free if we agree to let them buy our house in short sale. This obviously seems like a scam. So I just wanted to know what is the “correct” procedure to go with a short -sale and what things should be avoided ?
( 2nd Option)
Moreover, we are also thinking about doing a “quit-claim” and transfering the property title to only one family member. However, our loan had several co-borrowers so we were wondering if doing a quit-claim save the rest of the families credit ?
I Have An Arm And Lost My Job 1-year Ago. What Is The Best Way To Approach Refinancing?
Posted by: | CommentsShould I try to get a streamline refi with my current lender and avoid disclosure of my income loss? Or should I approach the lender as as a hardship case looking to avoid foreclosure. I have not missed any payments.
Avoiding Foreclosure?
Posted by: | CommentsI was laid off last summer and recently found a job. During my unemployment, I fell behind on my mortgage payments. My mortgage company now wants the past-due amount in full before they will consider a loan modification. I don’t have that kind of money, but I can make my regular payments. If I continue to make my regular payments, will this help me avoid foreclosure?