2 months mortgage payments late to the backend are taken from my credit.?

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I am two months behind on my mortgage because of job loss and I will not be able to get over my past payments for several months. Is there a good opportunity to negotiate to get placed with the lender on the 2nd payment on the rear end of the loan, so I did not lose my house …… thank you

  1. Reply
    February 22, 2011 at 2:40 am

    The key thing is to contact your lender and negotiate. If your payments are too high for you, they may be able to re-write your note. Many mortgage company’s have gone belly up as of late because of massive foreclosure. Many are willing to help you out rather than foreclose. Be patient, though. Many mortgage company’s have done massive lay offs, and you may have a bit of a delay getting to talk to somebody at that company.

  2. Reply
    robert w
    February 22, 2011 at 3:16 am

    sorry , todays mortgage market is rough.
    u Might get them to allow it but don’t hold ur breath.

    as for catching up, suggest budget, cut everthing extra, sell anything of value not blood related, everyone over 16 yrs gets second jobs.
    these are valid ways to catch up.

    visit dave ramsey.com to learn the hard lessons coming to u from others mistakes.

  3. Reply
    February 22, 2011 at 3:21 am

    It’s possible. It depends on the lender.

    You also have to bring something to the table. Can you show the lender that you will be able to make all of your payments on time in the future.

    Good luck.

  4. Reply
    February 22, 2011 at 4:03 am

    Call them tell them you don’t want to loose your house. They will help.

    Take any kind of job you can just to make ends meat. in till you can find the job you need.

  5. Reply
    February 22, 2011 at 4:43 am

    In our paper today there was an article that stated that some of the large banks are going to extend the grace period for another 30 days, for total of 120.. They are also going to send out notices to delinquent customers that they want to help refinance their loans at affordable payments. Citibank, Wash Mu.. are just two that joined this movement. Check

  6. Reply
    February 22, 2011 at 5:12 am

    Let’s see. You can’t make your payments on your current loan, and you think another lender will take a chance on you ? It’s not going to happen.

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