Unfortunatly as I found out the HOPE program and all other programs will not modify your loan if you are currently on Unemployment benefits. What are options for people who are unemployed. I am working but my husband was laid off over 2 years ago. I have tried to modify my mortgage thru Citi Mortgage but they are just having me send in hardship packages. I have sent 6 so far and no one is ever assigned to my account the hardship “times out” for more information needed even thou no one has been assigned to account.
Is there anyone who will refinance someone who in on unemployment with an FHA loan? obviously my credit is shot now since we are behind in payments…… some time has passed since I posted they previous question on your site. I applied for the ELHP loan in August 2011 and did not get denied until January 2012 They denied because we owed to much money. well if they had reviewed my loan in august when I gave them all the pa perwork we would have not owed to much to be approved for the loan and now My husbands unemployment has now run out. We opended a small business in hopes to bring in enough money to be refinanced but that has not happend we are just making enough to survive. With my credit now ruined I don’t know what to do. I wont even be able to rent with bad credit.
I am consdering Filing Chapter 13 to try and save my home. I have applied for all the programs offered to me by citimortgage but have had no success. my mortgage is now higher than the value of the home I have received the letter stating that they are gong to foreclose. My income is not high enough to afford the mortgage so how can I negociate with them? Is a lawyer my best option at this point?
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.How Can We Refinance Our Mortgage While I'm Unemployed? - Nicole by Steve Rhode