5 months behind and it is not looking good for me

Hello, you can do a loan modification, that will bring you back to current and lower your interest rate and monthly payments. Owcen is an amazing bank and is helping a lot on loan modifications. I do this for a living and I had very good experiences with them. I lowered a 9.35% rate to a 5.00%. You can still save your house.

I was heading toward foreclosure - when my mortgage company placed me on a repayment. At the time, I just on it - not wanting to lose my home. However, my mortgage payment is much GREATER than it was prior to the repayment plan. I was paying 2650.00 a month. Now I'm paying 3570.00 which does not include my taxes. My total monthly household income is 4350.00 a month. I sought help, and a loan officer from countrywide called me and my husband and asked us to consider a reverse mortgage. We agreed! Started the process, and was approved for only $198,214. My current mortgage balance is $331,220. So, I called my mortgage company to ask if they would consider a short sale. They told me first of all, it may take up to 4 to 6 week to get approved for a quick sale, and that I may not be qualified for it. In the meantime, I must maintain the 3570.00 monthly payment. Countrywide, of course may not mind waiting the 4 to 6 weeks for my mortgage company to approve us for a short sale. My concern if they say no. I'm force to continue to make the high payment, which is causing me to be late with other bills. After paying my mortgage I'm left with less than $900 a month. My taxes are more than 6,000 a year. I don't want to file for bankruptcy, I rather pay my obligation to my mortgage company, but if they say no to the quick sale, then I shall proceed for bankruptcy - Which is not something I want to do, but may be force to do. My hands are completely tied. I need room to pay other bills. Any sound advice from anyone?

Thank Ann