Been renogotiated conditions of their mortgage without refinancing?

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I am currently behind in my mortgage and my options are to sell the house for less than I owe to foreclose my loan or that someone has suggested conditions to negotiate with my lender. Who would I talk to renegotiate because it would be my requirements to be set? I think if the rate for me, I can make my payment and save money and the bank would be reduced by avoiding foreclosure. I do not know where to go and how to convince them that this is the best way to do it. I can show them that I am the head and houses on the market for 6 months or more seats. The staff of customer service will not help me because they are simply trained to collect and I can not pay.
I replaced some paper work, but there are tons of types of mortgages and terms, as you know, what you should choose. There are consistent, Jumbo, FHA, etc. and then the only thing different is the concept of Zeit.1. I go with the mortgage broker sprechen2. I’m K√§ufer3 for the first time at home. I try to really understand what the term (I have no idea what the main difference between this game have, FHA, etc.).

  1. Reply
    January 22, 2011 at 2:58 am

    Contact your lender again. Ask for their loss mitigation department. Then ask for a supervisor.

  2. Reply
    DJ B
    January 22, 2011 at 3:49 am

    You have options if you haven’t waited too long. If you are only a month or two behind, call the lender and ask to speak with a manager or supervisor. Tell them the facts and ask if they are willing to re-negotiate your loan and terms. If they are unwilling to work with you, contact the HUD approved counseling service 888-995-Help. Do it today. Please do everything in your power to save your home. You have worked far too hard to just let it all go.

  3. Reply
    January 22, 2011 at 4:40 am

    more info is needed to help you as yes there are many choices to make. Depending on loan size and terms as well as rate
    Yes you need to have asit down with them and let them show you all the differences on paper so you can make an informed investment based on knowledge. Most take a 30 year fixed note and pay as much as they want over and above the minimum monthly that is required by the terms of the note

  4. Reply
    Ryan M
    January 22, 2011 at 4:51 am

    PLEASE have the mortgage broker go over each and every option with you before you sign a thing. Choosing the proper one depends on YOU and YOUR situation…..neither of which anyone here knows a thing about.

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