We need to save our credit by not letting our home foreclose
February 24, 2009
We refinanced 2 years ago. Our interest rate is 10 3/4. After a long sickness of a family member and then the passing of my father we became behind in our mortgage. After many attempts to work with our mortgage company to either lower our interest rate or work out an an arrangement the house has a sheriffs sale date of 4/9. The house is currently listed with a Realtor and we would really like to either do a short sale of deed in lieu. Anything to save our credit from any further damage.
Comments
We were only one month behind on our adjustable rate payment when I tried to get them to modify our loan and all they did was give me the run-around! I couldn’t believe it when the guy on the phone (he was a big jerk!) actually said that my family shouldn’t eat so much because then we would spend less on groceries and would have more money to make our mortgage payment! He also said we should get a cheaper car and a bunch of other stuff that was really rude. This whole thing was keeping me up at night worrying about what was going to happen to us. I told my friend at work about this and she said I should call the loan modification company that got her loan modified down to 3.25% fixed interest rate! I finally decided to call them, and in about 45 days they got my interest rate down to 3.85% on a fixed rate too! The company is First American Financial Group and we are really happy with what they did for us. The website is theloanmodfacts.com. We chose them because they didn’t make a bunch of promises like some of the other companies and they had a 100% money back guarantee. I hope this helps some other people fighting with their loan company!






