I was told my file was in underwriting and then will
go to a negotiator.
I am going to be doing my own negotiation since I have not filed ch13 yet.
What are the things that the bank is going to be after do you suppose?
Meaning, what are their priorities.
My request was that 1. they lower my rate from 10.25% to a much lower number so I can make the monthly payments, and 2. that they accept that past due balance in several months from now when I get a lump-sum payment from my ex-husband. Maybe by doing a 2nd note/lien on the home.
Thanks for any advice on working with the negotiations.
My mortgage balance is $492,000, purchase price was $617,000 and I have $125,000 in equity, 4 months behind on payments of $4415 each
go to a negotiator.
I am going to be doing my own negotiation since I have not filed ch13 yet.
What are the things that the bank is going to be after do you suppose?
Meaning, what are their priorities.
My request was that 1. they lower my rate from 10.25% to a much lower number so I can make the monthly payments, and 2. that they accept that past due balance in several months from now when I get a lump-sum payment from my ex-husband. Maybe by doing a 2nd note/lien on the home.
Thanks for any advice on working with the negotiations.
My mortgage balance is $492,000, purchase price was $617,000 and I have $125,000 in equity, 4 months behind on payments of $4415 each