My husband and I bought a home in 2006, applied for a payment modification in 08 or 09 it was approved. My husband income has dropped this year and we’re now having a hard time making payments. We’re 3 months behind on our payments, applied again for a modification and it was declined
My question is do we continue to wait it out and see if the lender wants to work out something to avoid foreclosure? Or struggle to pay the payment and start the process of a short sale? Are lenders more likely to forgive the unpaid balance the less we’re behind?
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Trying to Get Lender to Modify Our Mortgage Again. - Kay by Steve Rhode