Comments on: What if I Can’t Afford to Make My Mortgage Payment? http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/?&owa_medium=feed&owa_sid= Save Money @ BeingFrugal.Net Wed, 01 Feb 2012 18:52:59 -0800 hourly 1 http://wordpress.org/?v=3.3.1 By: Cass http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-30136 Cass Fri, 21 Oct 2011 04:56:53 +0000 http://beingfrugal.net/?p=2906#comment-30136 I got a perm MHA loan mod with Chase Bank in June it was final. but more problems arrived for me. In March my daughter was diagnosed with a terminal illness this came about the same time that I just made my last trail payment. Chase basically forced me to sign a new contract by keeping my home in foreclosure status they added $36,000 the the back on my loan by them doing this it put me at almost $100,000 upside-down on my home. they also gave me an adjustable interest rate. My original loan was a fixed rate. Although, the highest interest rate would still be 3 points lower. I struggle to make this payment. I've already fallen Behind on my payments 2 months but now i am caught up. The bank also refuses to send me monthly statements and they are applying every payment I've made to my escrow account. What can I do? I'm afraid that with all the medical bills and unpaid time off that I have to take to take my daughter to her appointments ( 3 times a week) that I will fall behind and not be able to catch up... What can I do? Will Chase allow me to apply for another loan mod? I know that in 5 yrs I will be worse off then I am now if I continue with this mod agreement.please any direction given will be greatly appreciated. Thanks, Cass I got a perm MHA loan mod with Chase Bank in June it was final. but more problems arrived for me. In March my daughter was diagnosed with a terminal illness this came about the same time that I just made my last trail payment. Chase basically forced me to sign a new contract by keeping my home in foreclosure status they added $36,000 the the back on my loan by them doing this it put me at almost $100,000 upside-down on my home. they also gave me an adjustable interest rate. My original loan was a fixed rate. Although, the highest interest rate would still be 3
points lower. I struggle to make this payment. I’ve already fallen Behind on my payments 2 months but now i am caught up. The bank also refuses to send me monthly statements and they are applying every payment I’ve made to my escrow account. What can I do? I’m afraid that with all the medical bills and unpaid time off that I have to take to take my daughter to her appointments ( 3 times a week) that I will fall behind and not be able to catch up… What can I do? Will Chase allow me to apply for another loan mod? I know that in 5 yrs I will be worse off then I am now if I continue with this mod agreement.please any direction given will be greatly appreciated. Thanks, Cass

]]> By: Lynn James http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-30130 Lynn James Thu, 20 Oct 2011 13:43:17 +0000 http://beingfrugal.net/?p=2906#comment-30130 I'm a month behind on my mortgage right now and have not been able to find work. I'm hoping that i don't have to go the bankruptcy route, but without steady work I don't think the I will be able to qualify for any of the programs the banks are offering. I’m a month behind on my mortgage right now and have not been able to find work. I’m hoping that i don’t have to go the bankruptcy route, but without steady work I don’t think the I will be able to qualify for any of the programs the banks are offering.

]]> By: Jamie Hamner http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-30024 Jamie Hamner Tue, 04 Oct 2011 04:32:03 +0000 http://beingfrugal.net/?p=2906#comment-30024 I own a piece of land that I can no longer make the payments on. I'm going to call the bank tomorrow. I'm very nervous. I'm afraid I'm going to say the wrong thing and make matter worse. Any advice? I own a piece of land that I can no longer make the payments on. I’m going to call the bank tomorrow. I’m very nervous. I’m afraid I’m going to say the wrong thing and make matter worse. Any advice?

]]> By: Sue http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-29890 Sue Thu, 22 Sep 2011 20:35:48 +0000 http://beingfrugal.net/?p=2906#comment-29890 My husband has a full time job and I am on unemployment. My husband is not able to take care of the outside of our home anymore. (medical reasons) Soon I will be forced to go on social security because my unemployment wiil be running out. I will make less than I do on unemployment. I pay for our mortage with my unemployment checks. At this point my home will not bring what I owe on it. Not sure what direction to go in. I would consider moving out but, I will need money to relocate. My husband has a full time job and I am on unemployment. My husband is not able to take care of the outside of our home anymore. (medical reasons)
Soon I will be forced to go on social security because my unemployment wiil be running out. I will make less than I do on unemployment.
I pay for our mortage with my unemployment checks.
At this point my home will not bring what I owe on it. Not sure what direction to go in. I would consider moving out but, I will need money to relocate.

]]> By: Ralph Lauren UK http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-29496 Ralph Lauren UK Sat, 13 Aug 2011 14:35:33 +0000 http://beingfrugal.net/?p=2906#comment-29496 Currently, LVMH Group, the company has holdings of a 21.4% stake in Hermes, and Hermes has continued its acquisition of holdings of shares from the market conduct of accused. In order to protect themselves from the acquisition of rival LVMH Group, set up a holding company Hermes. Since June, has spent up to € 114.5 million to repurchase shares, which has cash reserves of its year-end as much as 14%. This has been the protection of small shareholders association questioned why the Hermes Association that almost every week in the company's stock price high on the occasion, but also buy back shares at this lower weight, and questioned whether this would benefit all shareholders. Currently, LVMH Group, the company has holdings of a 21.4% stake in Hermes, and Hermes has continued its acquisition of holdings of shares from the market conduct of accused. In order to protect themselves from the acquisition of rival LVMH Group, set up a holding company Hermes. Since June, has spent up to € 114.5 million to repurchase shares, which has cash reserves of its year-end as much as 14%.
This has been the protection of small shareholders association questioned why the Hermes Association that almost every week in the company’s stock price high on the occasion, but also buy back shares at this lower weight, and questioned whether this would benefit all shareholders.

]]> By: Mike http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-28722 Mike Sun, 22 May 2011 19:18:30 +0000 http://beingfrugal.net/?p=2906#comment-28722 Amazing! We the general public bail the banks out in their time of need and now when people need help the banks turn their banks on most everyone. The government should force them to help people out, although that is probably NOT legal. Somehow it is legal for the government to force the general public to pay for the GREEDY banks. SIGNED The middle class Amazing! We the general public bail the banks out in their time of need and now when people need help the banks turn their banks on most everyone. The government should force them to help people out, although that is probably NOT legal. Somehow it is legal for the government to force the general public to pay for the GREEDY banks.

SIGNED The middle class

]]> By: Cellulite Creams That Really Work http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-28713 Cellulite Creams That Really Work Sat, 21 May 2011 19:59:25 +0000 http://beingfrugal.net/?p=2906#comment-28713 I like the helpful info you provide in your articles. I will bookmark your blog and check again here regularly. I'm quite certain I will learn many new stuff right here! Good luck for the next! I like the helpful info you provide in your articles. I will bookmark your blog and check again here regularly. I’m quite certain I will learn many new stuff right here! Good luck for the next!

]]> By: Second Hand Medical Equipment For Sale http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-28685 Second Hand Medical Equipment For Sale Fri, 20 May 2011 10:33:27 +0000 http://beingfrugal.net/?p=2906#comment-28685 I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I'm quite sure I’ll learn many new stuff right here! Best of luck for the next! I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I’m quite sure I’ll learn many new stuff right here! Best of luck for the next!

]]> By: Nico http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-28657 Nico Wed, 18 May 2011 14:54:43 +0000 http://beingfrugal.net/?p=2906#comment-28657 Good points! Although not a desirable situation, people should know that there are ways out in case you can't afford to pay your mortgage anymore. Good points! Although not a desirable situation, people should know that there are ways out in case you can’t afford to pay your mortgage anymore.

]]> By: Gustavo http://beingfrugal.net/2010/02/15/what-if-i-cant-afford-to-make-my-mortgage-payment/#comment-28235 Gustavo Thu, 17 Feb 2011 07:18:40 +0000 http://beingfrugal.net/?p=2906#comment-28235 The bank has several options; which they choose is up to them. Short sales and foreclosures all take time and both will impact your credit accordingly. Just because you stop making payments doesn't mean the bank will skip ths short sale option either. It's something you'll have to work out with your bank, but make sure you keep them informed every step of the way and work with them to arrive at the option that's best for you and the bank. The bank has several options; which they choose is up to them. Short sales and foreclosures all take time and both will impact your credit accordingly. Just because you stop making payments doesn’t mean the bank will skip ths short sale option either. It’s something you’ll have to work out with your bank, but make sure you keep them informed every step of the way and work with them to arrive at the option that’s best for you and the bank.

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