Question: My mortgage was 1730.00. .. I got a temporary remodification to 950. six months ago which was great but i also have an equity loan of 600. a month to pay. now I lost my job four months ago and i just got a notice that my mortgage is going up to 13.50 now. My wife is working but we are in bad shape. Im being told to walk away from the house and find a rental for say 1200. I owe about 270,000 on my house that Is only worth 150,000 in todays market. I would like to stay in my house and not forclose. My question is..Can I get goverment help or any help with my equity loan? If i can get a total permanent payment of say 1300 to 1400 a month I would stay here. Maybe combine & stretch out my loan to 40 years? Im drowning here and i cant find the answers i need. Im also going to file bankrupt because we owe 60,000 creditcard bills. My lawer says i should walk away from house. Is he correct in that advise?

Answers

Posted By: info@rtlmwest.com on Feb 10, 2010 05:40PM

A: I can't comment on whether or not your lawyer is giving you good advise. I can however tell you there are programs available for people like you who do want to save their homes. To learn more about those programs you can either fill out a form on the "Get Started" tab of this website or you can call the number above. You can also visit my companies website www.rtlmwest.com or call 877-702-9104 to speak with a loan modification specialist. In regards to your debt you can visit www.squareonedebtprofessionals.com or call 877-702-9112. We look forward to helping you.