“Dear Steve, I filed bankruptcy about 4 years ago. I thought I re-affirmed my mortgage with Citi Financial. I continued to pay the mortgage but fell behind and decided not to continue owning the house. I contacted Citi and tried to do a short-sale but it didn’t go thru. During the second attempt to sell, a water line broke and ... Read More »
“Dear Steve, I made a move to another state for a new job in early 2007. By the end of summer in 2008 I was laid off from my job. I received unemployment pay but I was out of work for more than a year and a half. At the time I was laid off I had some credit card ... Read More »
“Dear Steve, I have $11,000 in debt, no emergency fund; home seriously underwater; car died and employer just dropped our healthcare coverage, which looks like it will add another $500 to my monthly expenses. It looks like I need to address 3 of the aforementioned expenses immediately; how will this impact my credit score or what strategy should I do ... Read More »
“Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »
“Dear Steve, Is real estate law center in Pasadena Ca a scam? I want info on a case that they have won, but can’t give me any info. They want me to pay money up front. They do not sound like a “real” company.Do you have any info on these people if they are legit? They said that I would ... Read More »
“Dear Steve, I am a 63 year old woman with a 27 year old son that is not in the best of health, due to his HIV positive status. My husband fled to Canada, after an arrest for domestic violence. I am now locked into an interest only mortgage, and even if I did pay a little more each month, ... Read More »
“Dear Steve, Reduced payoff and the mortgage is in good standing We have a house mortgage with SLM (Fannie Mae). We have been getting letters from them stating that we are eligible for a reduced payoff if we refinance with another Mortgage Company. Now mind you we are current and always been current (direct payment from our checking account). First ... Read More »
“Dear Steve, I’m a 39 year old married woman with a 11 month old infant. My husband is a stay at home dad. We only have 1 income. We recently are in the process of building a new home. We currently live in a Condo that will be rented to ensure that the mortgage and condo fee are covered. I ... Read More »
“Dear Steve, Condo in foreclosure since May 2011, mortgage previously with GMAC, now taken over by Ocwen. Retired in January and wrongfully assumed I could just start making payments on the mortgage. Halt, you must go through a modification with Ocwen to stop the foreclosure. Agreed and sent all paperwork and info they requested. Ocwen rep calls weekly to check ... Read More »
“Dear Steve, I have a first mortgage with Chase bank it is -$84,000. I also have a heloc with Chase bank it is $114,000. The heloc is interest only. The interest rate on my first mortgage is 4.5% fixed for 12 years. The heloc interest rate is 2.4%. I pay a total of $924 per month on these two loans. ... Read More »
“Dear Steve, Is NuVision Relief Center a scam or is it a legitimate company to work with for a loan modification?” The Answer Whenever I get questions like this they always make me wonder what each persons definition of a legitimate company are. When it comes to getting mortgage modification help I always think it is a smart move to ... Read More »
“Dear Steve, Im trying to get my mortgage modified ANSI got something from home remedy center and they said they can do it. I can not find anything on the web about this “law firm”. Can you help Can you help Thomas” The Answer Dear Thomas, Home Remedy Center just looks like a new mutation of other groups like Remedy ... Read More »
“Dear Steve, I am a divorced woman about to turn 60. I am a teacher and make decent money, however, it is taking all of my take home pay to keep everything paid each month. I am not able to put money into my retirement or go see my grandkids. Three years ago I bought a home. At that time ... Read More »
“Dear Steve, I’m falling behind on my mortgages (2 mortgages) since I can’t rent out my rental property for 7 months. My income is not much to keep me upfloat and since there other expenses plus the devastating property taxes I’m really falling behind and having a hard time. The property where I live was refer to foreclosure dept. but ... Read More »
“Dear Steve, Lost my job in 2008 in the building industry. Did not find a job till 2011. I used my 401k to pay bills down to where I could make minimum payments on credit cards & keep the house running on unemployment payments. The unemployment benefits ran out and so did my luck as far as keeping up with ... Read More »
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Get Out of Debt Guy – Steve Rhode Learn how to really get out of debt