First call your lender and see who you would need to contact. Sometimes the companies that service your payments are not the ones who can help in this matter. They may be able to amend your payments temporarily until you are back on your feet. You would send the letter by certified mail to make sure it is received. Alternatively, you might try to sell the house if you can get the amount of your loan for it, only if you are not currently behind. This would protect your credit history.
Yes, do not send anything to anyone who claims to have purchased the mortgage. Continue to send payments to the original mortgage company until THEY inform you otherwise. There is a scam out there where people get the mortgage information from county records then send an official looking letter. It's good for one or two mortgage payments to a mail drop and you end up being out a couple payments. Don't fall for that one. If you have any questions, contact your original mortgage company and verify the mortgage status
Just explain your situation to them and ask them if you can make intrest only payments until things get better. They're usually good about that and they will just tack the payments on to the end of the note.
First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.
Send your mortgage company a "qualified written request" in the mail. They are required to respond to such a letter in 60 days. Please visit the links below.
I will forward you copies of hardship letter samples. I do this for a living and I have helped clients put their hardship into a letter format as long as they know and can tell me what their harship is. Glena
Yes, do not send anything to anyone who claims to have purchased the mortgage. Continue to send payments to the original mortgage company until THEY inform you otherwise. There is a scam out there where people get the mortgage information from county records then send an official looking letter. It's good for one or two mortgage payments to a mail drop and you end up being out a couple payments. Don't fall for that one. If you have any questions, contact your original mortgage company and verify the mortgage status
What do you mean by hardship letters?AnswerWriting hardship letters to a mortgage company. AnswerYou can find an example hardship letter at these web sites: http://www.foreclosurebeat.com/a_hardship_letter_020804.htmhttp://www.cclcnsw.org.au/DFT_Project_2002/module_03_Cant_Pay_-_Hardship/cw_hardship_var.HTMLhardship letterplease someone send me a sample of a hardship letter, my mortgage company is requesting one. im a getting behind with my monthly payments. thank-you caja99886@yahoo.com carlos Gomez
Just explain your situation to them and ask them if you can make intrest only payments until things get better. They're usually good about that and they will just tack the payments on to the end of the note.
First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.
One payment may not be enough to stop the progress of the repossession proceedings. You need to communicate with the mortgage company and arrange to make regular payments.
acaca
Send your mortgage company a "qualified written request" in the mail. They are required to respond to such a letter in 60 days. Please visit the links below.
I will forward you copies of hardship letter samples. I do this for a living and I have helped clients put their hardship into a letter format as long as they know and can tell me what their harship is. Glena
You should contact the insurance company's customer service which you should be able to find on the web. Each carrier may require a different form or letter. Also, make sure you stop payments from your bank if you are paying monthly.
I HAVE ALREADY PAID 40,000 INTI THE HOME I CANT PAY ANYMORE THE HOUSE PRICE WAS LOWERD 5X AND IT WAS ON THE MARKET 456 DAYS I MAILED IN THE KEYS TO THE MORTGAGE COMPANY WITH A LETTER
You should file a bankruptcy letter of intent as soon as possible so that your creditors will be on notice. This will stop the harassing calls and foreclosure proceedings if you are behind in your mortgage payments.
You should receive a letter from the mortgage company stating that mortgage lien is released when the house is sold or auctioned off. This does not mean that you no longer have an obligation unless the mortgage company sold the house for an amount that would cover your total balance including all collection costs and any other costs, like real estate taxes, utilities etc. that were incurred. If the mortgage company did not have a deficit balance left, you should have no trouble getting such a letter, but if there is a balance due, the letter may state something to the effect that the property has been sold but a deficit balance of a certain amount of money is due.