I need money to catch up on my mortgage?

Question

I'm 4 months late on my mortgage. Does anyone know of any companies that will help you get caught up without trying to take your property. I know my credit score has dropped, so that will be a problem. Without getting into details, its just been tough lately

Answer 1

They are many ways to get out of that situation, some options are expensive like hard money lenders but they will "rescue" you....Your can increase your FICO score later don't worry about that. But I think you need financial counseling to avoid a similar situation in the future. I don't know the reasons and I won't judge you but there is light at the end of the tunnel Trust me!

You can shoot me an email visiting my website www.bletza.com and may be able to help you out.

Answer 2

if you are 4 months late, what makes you think you won't fall behing again if someone helps you catch up, it sounds like you got in over your head from the very beginning and its probably better that you try to sell before you are forclosed on. Now with that being said, the only chance of refinancing at this point if your Fico score is below 500 is to do a hard money loan and most hard money lender will only lend you 65% of you property value, meaning if your house is worth 100k they will lend you 65K, so if you owe more than 65% of what you house is worth, you are out of luck.

Answer 3

-WOW- please hurry this next step along...if you've waited 4 months and NOT acted yet-->do this immediately (so you won't lose your home)
Go to your Bank ( in person ) and speak with the loan officer OR VP would be better.
Inform them of your financial situation ( your paycheck status) ask them to modify your NOTE placing the months you owe @ the end of your loan time.
You may have to pay a portion of your escrow or Mortagage insurance- but @least your on the UP & UP with your Mortgager.
-with real-estate market in current status you have a good shot @ having some assistance with the Mortgager- in fact they would be better @ helping before bringing in a third party (LONGSHOT @ best) because they have an interest & investment already @ stake.
Write some notes before you go. be candid & honest. ask them best case/ worst case scenarios<<< ie: what if i default, will i be in position to sell before being foreclosed??
OR ?what if (Mortagager) rolls 4 months of payments to End of note will I stay in good standing (CREDIT-wise) ??
good luck- don't wait any longer- go tommorrow early
IF YOU SIMPLY CAN'T GO TOMMORROW- CALL AND SCHEDULE EARLIEST APPOINTMENT POSSIBLE- just let them know you have some concerns about your martgage & need/ desire to have a face to face.

Answer 4

SELL THE HOUSE and pay off the debt. Otherwise if you have equity go get an Equity Line of Credit and use that to pay your debt...otherwise refinance..