|
||||
| | ||||
Posted by tinaj on October 14, 2002 at 00:39:12:
In Reply to: Please help with pre-forclosure!!!! posted by Pam on October 13, 2002 at 20:06:56:
: I need everyone's help...We are 4-5 mos behind on our mortgage, were told by one of our loss mitigation dept's that our reinstatement amt is $11,600, and that we didn't qualify for a repayment plan. She referred me to ANOTHER loss mitigation dept rep at a different location. I faxed him all of the paperwork (financial form, letters, paystubs, etc) AND called him immediately afterwards, but only got his voicemail. Our sale date (courthouse steps) is 11/19. The mtg company has been screwing us around for 1-1/2 mos now and it has come to this. I contacted them and was told a workout pkg was being sent. Two wks later we didn't have it, so I called again. I was told that I wasn't able to speak on my husband's behalf, although they had the letter my husband signed stating I could. I told them about the letter, he found it in their system, and said he would send the paperwork. I received that and the notice of foreclosure came 3 days later. I faxed the pkg to the rep and she was never available. It took 2 wks before we caught up with ea other...all for her to say I couldn't speak on my husband's behalf, etc., and then that we didn't qualify for HER plans and referred me to someone else. What do I do???? Should I find someone to intervene? It's an FHA loan, 30 yrs, $165,000 now with fees and lack of payments. I'm afraid we're going to lose our house!!! (sorry so long!)
--------
try Reinstatement Solutions Inc. They have a link here somewhere, look in one of their posts. I dont know the specifics, but I believe FHA loans have a program where HUD or FHA or whatever will loan you teh amt that you need to get current and add it on to the end of your mortgage. The problem is that, as I undrestand it, you have to get the information from your mortgage company, not through HUD/FHA, and the lender wont tell you about it unless you ask. You dont make payments on this - they just stick it on at the end and you pay it back when you sell, refi, whatever. Its worth a shot, but if that doesn't work I'd say you need outside help who can deal with this maze of paperwork. Just my 2 cents worth, though.
