Are there any legit programs to help keep someone out of foreclosure?
We live in Maryland and are trying to work with the mtg co.
We are trying to get a remodification and I call every few
days and they always tell me to call back because it's still
in review. This has been going on for awhile. I'm constantly
faxing the same info. to them over and over. Is there any place/
program that will help out with the missed payments? We want
to keep our home.
I don't think I can help with were to go, but I know that you have options, being how I live in Texas the laws may be different. However, In Texas when a home is Foreclosed, if it sells for more than the back mortgage; whatever is left over by law belogs to the owner (in this case this would be you) for example to are behind $25,000.00 after forclosure they sell your home for $30,000.00 that five thousand dollars belongs to you. But this is not voluntered info, they don't want you to know this, so therefore the left over money goes back to the state. This may have been pointless but you should see a lawyer that practices real estate law, this could really help you as far as what rights you have you may not be aware of.
Good luck I hope you can keep your home:)
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June 18th, 2007 at 8:17 pm
I don't think I can help with were to go, but I know that you have options, being how I live in Texas the laws may be different. However, In Texas when a home is Foreclosed, if it sells for more than the back mortgage; whatever is left over by law belogs to the owner (in this case this would be you) for example to are behind $25,000.00 after forclosure they sell your home for $30,000.00 that five thousand dollars belongs to you. But this is not voluntered info, they don't want you to know this, so therefore the left over money goes back to the state. This may have been pointless but you should see a lawyer that practices real estate law, this could really help you as far as what rights you have you may not be aware of.
Good luck I hope you can keep your home:)
References :
June 18th, 2007 at 8:26 pm
If you are getting the run-around, then you need to take it to the next level up. Next time you call, ask to speak to that person's supervisor. Keep going until you speak to someone who can make a decision. This is your mortgage, your credit, and your home at stake. Don't settle for "call back in a few days."
Be a thorn in their side. Take good notes of each phone conversation (ie, date, time, who you spoke with, what was agreed upon, when and how to follow up).
Avoid foreclosure. It will devastate your credit.
Best of luck.
References :
Realtor, real estate investor, http://buyhawkeye.com