I don't want to lose my house!

Posted by maddy on April 21, 2005 at 01:24:12:

I'm going to give as much info as possible because i am clueless here. My husband & I just purchased a home in Texas for $151,500. We closed 12/31/04 and first payment was due 02/01/05. Our baby became really ill and he had to miss 2 months of work. Needless to say we were broke & couldnt pay our mortgage. They have only called us once to ask for a payment, sometime in March, but never a letter or phone call after that. I thought that was a little weird because i hear alot of horror stories. Anyways, we are almost 90 days past due and my husband is back at work so we called the mortgage company (NetBank) to see what kind of timeline we had and we told them we can make 1 payment before May 1st, and then get current by May 31. They said "no, unacceptable, we need 2 payments within the next 6 days or we are going to demand all of the 151,500 on 4/27/05. What can I do? We have explained everything to them but they don't seem to care. I heard that Texas has to send out letters of some sort. Am i going to lose my house?Any info would be appreciated. Thanks

Follow Ups:

• Re: I don't want to lose my house! - JOE G CANO 23:57:20 04/21/05 (2)
  • Re: I don't read caps. - Jim V 00:34:41 04/22/05 (1)
    • Foreclosure Help (url) - Ken DeLashmutt 08:59:15 05/07/05 (0)
• Re: I don't want to lose my house! - NJDave 09:27:52 04/21/05 (0)

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: I'm going to give as much info as possible because i am clueless here. My husband & I just purchased a home in Texas for $151,500. We closed 12/31/04 and first payment was due 02/01/05.  Our baby became really ill and he had to miss 2 months of work.  Needless to say we were broke & couldnt pay our mortgage. They have only called us once to ask for a payment, sometime in March, but never a letter or phone call after that.  I thought that was a little weird because i hear alot of horror stories. Anyways, we are almost 90 days past due and my husband is back at work so we called the mortgage company (NetBank) to see what kind of timeline we had and we told them we can make 1 payment before May 1st, and then get current by May 31. They said "no, unacceptable, we need 2 payments within the next 6 days or we are going to demand all of the 151,500 on 4/27/05. What can I do? We have explained everything to them but they don't seem to care.  I heard that Texas has to send out letters of some sort. Am i going to lose my house?Any info would be appreciated. Thanks


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