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Mortgage Killer

December 7th, 2009 admin Leave a comment Go to comments




mortgage killer
any loan modifications for new home buyers?

I bought my house on Aug 09, I got a conventional loan, i used up my savings to put down 20% on a $300k+ house. 2 months later I got significant pay cut, 30%, at my job. and 2 weeks ago I got laid off from my job. I have called BofA and asked if they can help but they tell me they cant because my purchased date was after Jan 09 and since I’m still current on my loan that they cant help me. must I be late on my Mortgage for them to assist me? what are my options? HUD has been no help, they tell me the same thing, my purchase date is the killer.

They can’t help you regardless, you are unemployed, helping you would only delay a foreclosure, not prevent it.

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