okay here is the deal. My husband and I got behind on our house payments due to our daughter having seizures and him having to take of work alot. The payments have been behind since Dec. but we are trying to get back on track now. He just got a promotion which pays more that will help and my daughters seizures are so far under control. Anyway I owe July and Augusts payments and called today to make Julys payment and the agent said that wasn't enough and he couldn't take it. The mortgage is in my husbands name only so he wouldn't go into details with me. I faxed over an authorization from my husband so he could talk to me about it and I am waiting for them to get it entered into the computer. Any way my question is can they do this since the note isn't 90 days behind yet? What are my options? I can't afford to pay the full amount right now. Anyone know about this? Any help would be appreciated. Thanks, Andra
Hey, I can tell you what my neighbor did, but I don't know if there is enough time, considering it takes about 2 weeks to do. She and her husband got behind (4 months) in their mortgage and were told foreclosure was seriously about to begin. (Here it takes 6 months for them to actually physically ask you to leave the home). She made a loan against her and her hubby's life insurance policies. They were in their 40's, childless, and hadn't ever gotten cash from them, so the money was there. I know this might not help, but that is one thing. I know people would be against messing with your life insurance, but all they saw was a way to save their home.
Thanks all for your quick replys. I talked to the Mortgage Company and they said they couldn't accept anyless than the payment plus a late fee. My Gosh got me all worked up for nothing. Anyway they set us up on a repayment plan so we should be fine. Thanks again for all your help. Andra
I know people would be against messing with your life insurance, but all they saw was a way to save their home. Manequinne ======================= What I'm against is this type of insurance. Had they had the right kind of policy they most likely would have had a lot more money to work with and it would not have affected their coverage one iota.
