Whose home is it anyway...


Posted by RSI on May 27, 2008 at 13:17:34:


In Reply to: foreclosure advice
Posted by William on May 25, 2008 at 19:46:52: That's the attitude you will have to take, William.

Basically, you've contacted your lender; left a vm saying you can't pay what they've offered; and now you're thinking they should contact you.

What for? You said you can't pay.

Your approach will have to be different...better. You might begin by contacting them in writing and stating your willingness to explore workable alternatives to foreclosure.

You will have to come to the negotiation table bearing a viable income source that provides reassurance of your ability to afford the loan; you will more likely need to have a down payment contribution to proffer also.

It also helps if you approach this thing as if someone has a million dollars waiting for you at the other end of the phone-line knowing if this were the case...you'd continue with your calls until you were satisfied you'd been heard.

If this is not doable...you might be best served following your friends' advice.


Follow Ups: