I got behind on my morgage due to startin a buisness. What will housing authority do for me?
I'm 4 months behind but can pay now just not full amount. I have meeting w fha. Anyone know what they will do for me?
Public Comments
- fha--the US fha? OR THE BANK? or are you in ENgland?
- Hello, you are in eviction or foreclosure proceeding by now, but the way the econ my is now it looks to be in your favor in direct negotiations.
- Call you lender! Go to their website and look for the number for loss mitigation. They don't want to own your house and will work with you!
- It's unfortunate that you didn't have a cash reserve to live on as your business got started. The housing authority will probably do nothing as you have willingly taken yourself out of the job market. I think your only hope is to get a side job and ask the lender to restructure your payments.
- No but ill tell you what you should do.. Modify your loan with a loan modification , my brother was in the same situation and he got a loan modification through the american modification agency. THey got him caught up, out of foreclosure and dropped his interest rate 4points! not to mention he didnt have to pay his mortgage for 2 months while they were modifying. the advisors name was dave (516) 506-4755
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