Is a short sale or refinancing my mortgage a better option due to an increase in my expenses. I NEED HELP!!?

Question

I am a single parent (1 child) and I bought my first home in May 2007 and lost my job after only working at my new employer for two months (May-July 2007). I returned to my old employer in September (which is 55 miles away-one way!). Needless to say, I fell behind in my mortgage payments. I worked with Loss Mitigation, which took them several months to respond. The agreement was initiated in March 2008 that FHA would loan me approx. $8,000 w/o interest, and I would pay them the $8,000 when I sold my home.

Due to my long commute (three hours round-trip, under normal conditions), I had to incur an additional expense in March by getting another car. I didn't have a car note before. I now have higher car insurance and the price of gas sky-rocketed!

I only have the weekends to run errands, etc. A second job doesn't seem feasible. My day starts at 4:30 a.m. and ends at 8:00 p.m. some evenings. I've fallen behind in my mortgage, again. I'm ready to move closer to my job!

Answer 1

Maybe You should try to google it first ,nonetheless, if you prefer some direct resource ,here might be helpful.http://home-loan.online-frees.info/home-...

Answer 2

Is there anyway you could possibly take in a renter? Even if it meant rooming with your child for a period of time? Maybe keep looking for a job closer to home in the meantime.

Answer 3

First, the loss mitigation department at your lender should not have taken so long to respond.   What you may want to look into is a loan modification.  This is a long term solution compared to the band aid solution you worked out with your lender.  I do mortgage fraud investigating and mortgage auditing. Depending on your location, I can refer you to a qualified loan modification specialist.  You can contact me through my website:

www.mfi-miami.com