upside down mortgage and debit
Date: Wed, 02/10/2010 - 19:29
Not sure where to start.
Home was worth 150k, now 110 maybe. Mortgage is 105 with BoA 2nd mortgage for 25k citi another 12k credit debit with BoA and 3 with chase.
I'm having trouble keeping up with payments and not sure what to do. Credit right now is pretty good.
Home was worth 150k, now 110 maybe. Mortgage is 105 with BoA 2nd mortgage for 25k citi another 12k credit debit with BoA and 3 with chase.
I'm having trouble keeping up with payments and not sure what to do. Credit right now is pretty good.
Regarding the mortgage loan, you can consider loan modification.
Regarding the mortgage loan, you can consider loan modification. It would lower your monthly payments. You can also check out the HAMP plan if your lender offers it.
About the credit card debt, you may consider negotiating a lower payment with your creditors, or else you can also consider debt settlement but you may have to take a blow on your score for that reason. But when it comes to free oneself from the debt burden, the risk is worth taking.
