Re: need help and advice to stop foreclosure

Posted by Michelle on August 01, 2006 at 05:43:21:

In Reply to: Re: need help and advice to stop foreclosure posted by emilio on July 31, 2006 at 15:01:43:

: : Ok. here is our situation. We went through some hard financial times due to an illness of mine that is now resolved and our credit score suffered, we started re-building and after a while bought our home only in my husban'd name who's credit score was better. The situation now is that I have been without work (and therfore) without income since January and my husband's income alone does not cover much, so we have been in default with our mortgage since April. We didn't have cash reserves b/c we had put it all in the down payment.About 3 weeks ago received a letter from the attorney saying that a foreclosure sale would happen on 8/24, we were willing to let that go it's course b/c we didn't have enough income to even make payment arragenments, however I have now been hired and will start my new job close to the time the forclosue is supposed to happen.
We have of course tried to sell the home to no avail.
My questions are:
Does anyone one know either a short term lender that would take the income from my new job (which is very substantial and more than enough to afford the house)and will not consider our credit, which once again is not good.
2)Does anyone know how to negotiate with the bank in order have them give us a new payment option based on the current income situation?
3)Should I be seeking help from an attorney?
Thank you very much for any help you can offer on this regard.

Try to call www.unifundfinancialgroup.com if you have equity they might be able to help you...If not they might know of some companies

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Comments:
: : : Ok. here is our situation. We went through some hard financial times due to an illness of mine that is now resolved and our credit score suffered, we started re-building and after a while bought our home only in my husban'd name who's credit score was better. The situation now is that I have been without work (and therfore) without income since January and my husband's income alone does not cover much, so we have been in default with our mortgage since April. We didn't have cash reserves b/c we had put it all in the down payment.About 3 weeks ago received a letter from the attorney saying that a foreclosure sale would happen on 8/24, we were willing to let that go it's course b/c we didn't have enough income to even make payment arragenments, however I have now been hired and will start my new job close to the time the forclosue is supposed to happen.
We have of course tried to sell the home to no avail.
My questions are:
 Does anyone one know either a short term lender that would take the income from my new job (which is very substantial and more than enough to afford the house)and will not consider our credit, which once again is not good.
2)Does anyone know how to negotiate with the bank in order have them give us a new payment option based on the current income situation?
3)Should I be seeking help from an attorney?
Thank you very much for any help you can offer on this regard.

Try to call www.unifundfinancialgroup.com if you have equity they might be able to help you...If not they might know of some companies



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