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I can't afford the payment plan they set up for me

December 06, 2006

California foreclosure request:

This is an actual request from a client:

"My live-in fiancée has been out of work for the last 12 months, behind on bills, and mortgage is late space 90 days. Tried to put a payment plan in place with Nation Star, however, due to utility bills and auto payments, have not been able to meet the commitment. Payments to catch up were too aggressive. Had a bankruptcy discharged one year ago in August. ARM loan is going to go up $700 per month in November. Need to get out of present loan and lower mortgage payments. I have a new job with great pay just can't come up with the high mortgage payment. What can I do?"

We will prepare detailed financial portfolio to show the mortgage company what you could afford extra every month for a repayment plan. This is crucial in setting a payment plan that you can keep and afford. There is no use to get you set up on a payment plan that you only get behind on again.

Comments

How do I do it, I am so far behind and I need to save our home but know one seems to know how to help me

Posted By Steve on April 01, 2007 at 10:09 AM

High interest rates, heavy taxes, cause incalculable damage to economy. Whatever rate Nation Star Mortgage borrows money, the lending rate can not be outrageously out of proportion. if such an gross asymmetry exists we are placing the individual's economy in peril which is a nano-tsunami adding up and multiplying to a peta economic tsunami. It is dangerous. Finance companies since industrial revolution have plundered generations of Americans and the windfall profit needs to be recovered for a trillion dollar nation building effort.

Posted By Dr V Renugopalakrishnan on April 20, 2007 at 08:04 AM

I recently refinanced in January of this year. My son was in need of our assistance and when we refied, we got cash out and our payments went soaring because of time issues. Since then my husbands company of 9 years has dissolved due to lack of work so he lost his job and is not having luck finding another one to fit our high mortgage. What can I do? We are not behind yet but I know next month we will be. What can I do?

Posted By Angie Page on July 13, 2007 at 07:39 AM

Please contact us to discuss the details of you case. Our consultation is free and we can give you some guidance.

Posted By Darin on July 13, 2007 at 11:09 AM

WE HAVE A MORTGAGE WITH NATION STAR AND DUE TO UNFORESEEN THINGS, A SICK DAUGHTER WITH BREST CANCER AND A SON WITH BACK SURGERY. MY HUSBAND IS RETIRED AND I WORK FULL TIME. WE ARE BEHIND ON OUR PAYMENTS BECAUSE OUR INTEREST WENT UP AND OUR PAYMENT INCREASED $500.00 PER MONTH ON OUR HOUSE. WE HAVE TWO CAR PAYMENTS FOR $1,100 PER MONTH MY SON CANNOT WORK NOW AND WE ARE TRYING TO MAKE HIS PAYMENT IT IS IN OUR NAME. WE ARE BEHIND ON EVERYTHING AND WE CANNOT FIND ANYONE TO REFINANCE OUR HOUSE AT A LOWER PAYMENT OR SET TWO PAYMENTS BEHIND SO WE CAN GET CAUGHT UP WE NEED HELP BUT OUR CREDIT IS NOT GOOD IT IS VERY BAD RIGHT NOW. WE NEED HELP BUT WE CANNOT GET IT. WHAT CAN WE DO?

Posted By SANDRA KIND on July 31, 2007 at 07:55 PM

I feel like we're sinking with our increased mortage payment of 700.00 from first franklin mortage I struggled to make it this month and have been instructed to complete hardship letter explaining my situation. The problem is my credit card payment are now going to suffer, because I can't lose my home with 2 children and no place to go. Am at risk of ruinning my credit which is already severely damaged from being medically ill for several months ago. Any feedback is welcomed:(

Posted By JAYE on September 02, 2007 at 07:42 PM

We are going on our 2nd year of financing a car, and we can no better afford it now than when we purchased it almost 2 years ago. The dealership promised us this, this, and this; we signed our title over, and because our credit was not the best, it took a while to get finanacing. We told the financing director at the dealership what we could afford when he asked; but we ended up with a payment much higher than we could afford. We had No vehicle anylonger, since it left the lot immediately after signing the title over.We had to take this car. What can we do, our Payments are late all the time??? And we didn't get this, this, and this! Can you give us some advise?

Posted By Kay on September 04, 2007 at 05:57 PM

I lost my job 13months ago we are behind in our house payment 3 months and this month is coming up I have been searching for a job and no luck, my mother came to live with meand 3 months later shw was diagnose with bladder cancer and past away in last month, I had to take care of her,it was very hard.I also have two boys in college I don,t know what to do!!!! I need help.. Thanks Maritza Osorio.

Posted By maritza osorio on April 14, 2008 at 11:46 AM

I work with private investor that can help before you even get the Notice of Default. Please e-mail me to give you the details, we can help you! we work in the southern California area and las Vegas NV

Posted By Bianca on June 21, 2008 at 12:56 AM

WE ARE BEHIND IN MORTGAGE PAYMENTS CAN WE GET REFINANCED WE HAVE AN AJUSTABLE RATE

Posted By WILLIAM WELLS on August 21, 2008 at 11:35 AM

I am 2 months behind on my mortgage I received a letter stating that this company can help with a loan modification. they want me to hold off on my next payment which is due now in November 30. I have already tried with my mortgage co. Will I go into foreclosure and have my house taken away after 90- days of no payment. How could I find out if this law firm is legit.

Posted By diane on November 11, 2008 at 10:24 PM

How to avoid Foreclosure

Do you want to save your home?

Stop Foreclosure News

I can't afford the payment plan they set up for me

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