Re: I don't want to lose my house!
Posted by NJDave on April 21, 2005 at 09:27:52:
In Reply to: I don't want to lose my house! posted by maddy on April 21, 2005 at 01:24:12:
Here is what I would do, but I'm not a lawyer and this isn't legal advice....
You could call their bluff.... but present your workout proposal to them in writing (ICRR mail)with a good faith payment and a schedule of when future payments will be made. Be sure to stick to letter of your schedule... you won't get a second chance.
You could consult an attorney about bankruptcy.File. While the collection process is in temporarylimbo.... save your money to use to bring the loan current.
When you've got the funds (including foreclosure costsand their legal fees) withdraw the bankruptcy petitionand pay your mortgage lender what is due in full.
