Foreclosure

What is the exact situation you are having?

Keep in touch with your lender and arrange for a payment plan. Don????????t ignore their calls or letters. Keep in mind they might be in a better position and take away your mortgage. Have the confidence in yourself and don????????t assume your situation is hopeless.

Try to reinstate the present payment plan. Assure larger payments when your situation improves. You will have to talk with them regularly to make them understand your situation. You may also try for forbearance.

If the above options don????????t work, request the lender to modify your mortgage. One solution is to add the past due amount into your existing loan, financing it over a long term.

If you aren????????t comfortable talking with your lender directly, talk to a HUD approved counselor. He will figure out the best option for you and negotiate with your lender for a repayment program.

This is a link from HUD on "How to avoid foreclosure" it has some useful info.

huddotgov/foreclosure/index.cfm

Contact your lender first. They have programs to get you back on track. Most lenders do not want to foreclosure on your property, because it is very costly.

Seeing your intentions and according to your financial situation, they will work out something rather than taking you to the court. The judge will assess your income before formatting a payment plan. If you had extra money, it would never have reached this far. Call your lender and get enrolled in one of their hardship programs.

The I see you member...that blinking eye is freaky. Also I echo what bdouble has said. When I was almost in foreclosure, the bank worked with me to get through it. Don't delay, call them today.