Where to refinance mortgage when behind on payments?
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.