Loan Modification | Foreclosure Prevention

jinxies asked:


We have a 1st mortgage & equity line of credit (maxed) and about $1500 revolving credit balances each month (not including utilities, food and incidentals) with not enough coming in to support it. Looking for a lender in hopes to refinance the 1st & ELOC with no avail. Thinking of asking our current lender to do a Mortgage Modification but not sure if we will qualify. We need to lower our 1st & ELOC to be able to start paying on the credit cards but it’s a lose, lose situation. My husband is talking bankrupcy…we’ve never been late on any payment but it’s now coming close. We have 2 kids & a beautiful home…I’m scared. I’ve been trying to get a job but no one is calling back. Even with that, what I’ll make will only cover groceries and gas for the month.

lilgotti56 asked:


If you have to pay back federal student loans, can you get a child support modification. For those of you who think I am trying to avoid child support, that is not true. Since both are federal mandate payments(meaning you can not file bankruptcy to get rid of them, than it should be included into the guideline). Also getting educated not only benefits myself, but the child too. Because if I am able to get a better paying job, it will help increase the child standard of living too.

beep_11 asked:


I’m going for loan modification coz I can’t afford the payments any longer (job issues..)… if the modification company find any violations on the loans will my friend who did my loan get in trouble (he is a broker)? & rest of the people in 70 % ?

YY asked:


Should I keep the house or let the house go into foreclosure
I bought the house over 2+ yrs ago in Sacramento, CA
I’m the only one on the mortgage and title
I lost my job few months ago
I’m behind on few months of mortgage payments.
my tenant moved out last night
I’m separated from my husband
Has anyone had luck with loan modification with the bank or a lawyer?
Should I pay a laywer to help me with a loan modification?
They are charging me 1% of my purchase value, which is around $3000. Is this reasonable price?

Thanks for reading