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I can't sell, but I am being re-stationed

March 25, 2008

I am currently on active duty in the Navy stationed at Macdill AFB. I have been a homeowner since June 2006. I am currently under Permanent Change of Station orders to Little Creek, VA and will be detaching from my current assignment on 13 June 2008. I currently own a home that I cannot obtain refinancing on due to the current housing recession, I cannot rent at the rate desired due to the fact my BAH allowance in Virginia will not be able to support the mortgage and my own basic living expenses in Virginia, and I cannot sell my hone w/o resorting to a short sale due to the number of foreclosures, short sales and competition in my area. I have attempted to speak to several banks, including Navy FCU, USAA, Washington Mutual, and Wells Fargo (who is my lender) and they are all unwilling to refinance my home. I am currently able to make payments, but after June 2008, that situation will change. I will be TDY to a Navy school for two months in where I will not be receiving BAH, which will place me in a serious financial rut. I have spoken with Loss Mitigation at Wells Fargo and they gave me the options of short selling or (in their recommendation) a deed-in-lieu of foreclosure due to military transfer. I am in dire need of assistance and am running out of options. Please contact me at your soonest available opportunity.

This entry was:
Posted By Acitve Duty at 12:45 PM
Comments (1) | Categories: Wells Fargo, Florida Foreclosure | Tags: wells fargo florida

Related Entries

  • Foreclosure with Wells Fargo has me on the brink of losing my home - January 14, 2008
  • My wife balmes me for geting this mortgage with Well Fargo - January 21, 2008
  • Can anyone help us avoid foreclosure - March 13, 2008
 

Comments

Is your home in Riverview by chance? I'm looking to buy and my husband is ex-army, so I understand your dilemma.
Posted By bn4994 on April 17, 2008 at 11:13 PM

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