It's time to bail. We will never catch up at this point The modification hasn't gone through yet it's been 14 months.
Asked by Anonymous at 2:54 PM on Sep. 12, 2010 in Money & Work
Answer by Erica_Smerica at 6:05 PM on Sep. 12, 2010
Answer by elizabr at 3:02 PM on Sep. 12, 2010
Answer by elizabr at 3:20 PM on Sep. 12, 2010
It depends on what you can afford. We were in the same situation and the mortgage company refused to work with us (we had Countrywide). In the end we had to file bankruptcy because after the foreclosure and auction (at which Countrywide purchased the house form themselves) we still owed them $45,000. There was no way we were paying that much more and not having a house to show for it. We tried working with them for months to get caught up and in the end we found out that they had held 4 checks claiming that they were partial payment since the first one was late and that made the full balance due. It was a nightmare. We rented for three years and scrimped and saved and this year we bought a house out right (no mortgage) through a foreclosure listing. It's sad that it had to happen to someone else too, but we paid less than half of market value for this house.
Answer by scout_mom at 3:23 PM on Sep. 12, 2010
Sounds like you need some help, how about forbearence?
Take a listen to this call, whos on your side anyway to give Bank Of America a little nudge?
Answer by IraqiVetWife at 3:29 PM on Sep. 12, 2010
Next question overall
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