I'm trying to avoid foreclosure. What are my options. 1st mortgage wants $7000 to modify my loan.

Question

my 1st mortgage wants $7000 to modify my loan. This will drain my savings and I will probably be right back where I started. I have and 2nd mortgage as well. Is there any way of refinancing with this on my credit report?

Answer 1

The lenders always... ALWAYS try to take as much money from you up-front as they can.

As you may have heard, "This is an attempt to collect a debt. Any information obtained will be used for that purpose."

Now is the time to re-do BOTH loans.

There are a number of ways that we can re-negotiate their offer, but it's not enough to just tell them, "You have to do better than that."

Without looking at your file, it's hard to figure out what needs to be changed in order to get your result changed.

Take a look at this case study:

http://stopforeclosuretactics.com/case_s...

I'm not a big believer in giving the mortgage company everything but the lint in your pockets just to try to get them to cooperate.

The latest stats tell us that about half of the people who are "allowed" to keep their homes end up losing them anyway.

It's "workouts" like these that are a primary reason why, IMO.

You're smart to be worried about a proposal like this.

Get in touch with me if you'd like me to take a look at your situation.

Answer 2

There are actually companies that will work with you to buy your mortgage away from your mortgage company and avoid your foreclosure. Try looking into it at http://www.speedyrealestate.info. Good luck!

Answer 3

Try to brows this resource. I am not sure thou about their credibility. Best of luck to you.

Answer 4

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