Download our Free BrochureHow to avoid Foreclosure
Do you want to save your home?
We specialize in out-of-court resolutions of Mortgage Foreclosures by negotiating with your lender. Let our expertise help you save your home. We can give you the Foreclosure help you need.
-
Stop Foreclosure News
Please call our Toll Free number
1-866-544-0990 or fill out our FREE QUESTIONNAIRE and we will respond to you promptly
|
|
|
|
|
 |
 |
|
|
|
Denied by EMC
I currently have an 80/20 loan. EMC has the 80% and Specialized Loan Services has the 20%. According to EMC my mortgage has been behind from my original payment 23 months. However, my last payment from when my loan modification paper work was submitted was 01/2010. I had contacted EMC to let them know that I was not able to afford the amount due to my boyfriend not working which he is the primary on the loan. So basically it was only one income for a family of 5. EMC informed me that they were not able to lower my payments till they received my modification package. Today they are tell me that I need to put up my home for sale. We are trying to keep our home however they are not giving us second chance in regards to consider that we are trying. According to some other people that I have talked too they are suppose to base the payment 30% of your monthly income and what they asked me to pay was over 30% of my income that is why I was not able to make the payments. Please guide me in what we can do to either keep out home...we have three children and no where to go our credit is poor and there is no way we will be able to purchase another home due to our credit and no down payment available. Please contact me by e-mail or by phone if there is anything program out there that maybe able to help us keep our home. Thank you for your time.
Related Entries
- is the 3rd time a charm for them to foreclose - May 5, 2008
Post a Question or Comment
Search The AFS Blog
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.