Where to refinance mortgage when behind on payments?

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I was in a car crash about 6 years ago when a truck came in my lane and struck me head-on. I had many bills and medical issues after that needed to be taken care of. I have an attorney for my workers’ compensation and car crash settlements but they have not concluded yet.

My mortgage problems do not have anything to do with the current housing and mortgage situation. I was on time with my payments as long as I could be. When I saw that I couldn’t handle the payments I had a loan modification attorney try to get a better mortgage payment. My mortgage servicer is MGC Mortgage, Inc. Many people have had problems dealing with this company. They do not follow federal guidelines for modifications. I would have qualified with another servicer but the modification did not go through. Because of the modification process I am now behind on my mortgage payments.

I can make the mortgage payments, just not the total of the behind payments due. My house is worth 200,000 and I owe 140,000 including all late payments.

There must be some company or organization that will refinance a mortgage when there is this much equity in the house and fairly sufficient income.

4 Comments
  1. Reply
    Just Me
    May 3, 2011 at 8:52 am

    You can try to apply for debt consolidation.

    Debt consolidation loans replace multiple loans into one single loan at a reduced rate of interest, thereby saving you a lot of money.

  2. Reply
    George
    May 3, 2011 at 9:25 am

    Call your loan servicer, the one you write your checks to, and ask for a mortgage modification.

  3. Reply
    John Weliams
    May 3, 2011 at 9:50 am

    Hello my Friend,

    I am a private money lender, Are you in bad credit? Does your financial standard need refurbishment? Are you in Unexpected Expenses? Falling Behind In Bills? Need any sort of Financial Help? We operate a registered and government approved financial institute. We give out loans to companies and individuals for 5% interest rate to individuals between the range of $ 5,000 and above, We give out local and international loans to any body in dire need of a loan and that is willing to repay the loan.

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  4. Reply
    Deborah Richards
    May 3, 2011 at 10:12 am

    Hello, I am Mrs. Deborah from La Vegas USA I saw your question on how
    You needed a loan; I think you should contact one legit loan firm by the name
    direct access Loan Firm because two weeks ago I got a loan from them and their ways was very simple, no credit check, no collateral needed, no cosigner with just
    5% interest rate, so I will advise you to contact them via email,
    directaccessloanfirm@gmail.com

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