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I am in the middle of a divorce and cannot afford my mortgage payment.
A divorce will often lead to financial situation that ends in foreclosure. Many people contact us that are in a divorce where a house ends up in the middle. They are now left with trying to pay for a house on one income and find it very difficult.
”I went through a divorce and I've had the home for sale for almost a year, I don't want the house back but I would like more time to be able to sell it. ”
We can contact Wells Fargo and try to negotiate a forbearance for you. If you cannot afford the mortgage payment a lot of times the mortgage company will allow you some time to sell the house and avoid foreclosure. They may put you on reduced payment plan for six months to allow you some time to sell the house.
Related Entries
- I need help quickly, I can't afford the forbearance plan that I was approved for - March 21, 2007
- Wells Fargo told me not to pay now they want to foreclose - February 1, 2008
- We need Wells Fargo to approve a loan modification - December 21, 2007
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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.