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How do you get your mortgage company to negotiate?
Posted on January 21st, 2011 4 comments
frjk asked:
We are in Chapter 11 Bankruptcy and do pay that every month, but am 4 months behind on mortage. I just want a reduced payment, maybe over 40 years, not 30 and at a lower rate, but my mortgage company (Countrywide) will nottalk to us. Please help!
Nellie4 responses to “How do you get your mortgage company to negotiate?”
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I’m not sure but maybe you can search and look into this:
In my local newspaper there was an article that said, “foreclosures are illegal” I can’t find the paper becasue my son thinks he already through it away. But it’s something about a loop hole that all mortage companys has made a BIG mistake and a real estate lawyer and other people are trying to get the word out!
Best Wishes! -
David M January 23rd, 2011 at 11:16
40 year mortgages are dead. They were a bad idea when offered and are a worse idea now. Sounds like you need to sell your home. You obviously cannot afford it. Not sure what got you into your bankruptcy mess, but even after the forgiven debt if you can’t afford to make mortgage payments, you can’t afford this house. They have no reason to negotiate as soon they will own your home.
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No Rules, Evan January 23rd, 2011 at 23:53
40 yr mortgage, doesnt mean it will be less.
Countrywide is Bank Of America now. Have you tried other mortgage companies (Wells Fargo, Chase, City National Bank), try an independent mortgage company. If I was you, I would go into the banks and set down with someone. Maybe they can steer you the right way. -
HomeSave 405791 January 26th, 2011 at 23:46
Go to naca.com…
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MissErudite January 22nd, 2011 at 12:54