Jump to content
Racerly

Morgage Recast

By Racerly in Off Topic

 Share

3 posts in this topic

Recommended Posts

Dan J Mentor

Dan J   277

Posted
Filed: Lift. Cond. (apr) Country: Indonesia
 Timeline
Posted
Hello Everyone. Anyone here having problems with their mortgage? What did you do? I'm having problems. My loan recasted. I'm paying more than what I am making. What did you guys do? Any advise? Please help

Recasting like this means either you had an ARM, and your interest rate went up, or you had some kind of arrangment were you were not paying the full payment.

Your options

1. Talk to your lender to see if you can adjust the terms.

2. Refinance, if you can find a lender that will give you better terms.

3. Forclose.

4. Sell your house and hope your break even.

keTiiDCjGVo

Link to comment
Share on other sites
Pinocchio Liberal Grand Master

Pinocchio Liberal   268

Posted
Filed: Lift. Cond. (pnd) Country: Brazil
 Timeline
Posted

Ask Barry for help! He is there for ya. Seriously! sounds like you need to short sale your house.

http://homebuying.about.com/od/4closuresho...tsalebasics.htm

"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine."- Ayn Rand

“Your freedom to be you includes my freedom to be free from you.”

― Andrew Wilkow

Link to comment
Share on other sites
 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...