|
In response to
"how is it possible ..."
by
zork
|
I went to my bank (WF) and applied for a modifed hardship repayment plan.
Posted by
Capstern
Oct 27 '11, 12:12
|
They approved me to where my house payment was enough for the property tax, insurances and that was about it about 560 a month.
So technically I was on their plan but that HAD to report me delinquent each month but would not file with forclosure since I was on an approved plan.
Once I was working they had me make 3 good faith payments. I made those and this month they reamortize my loan. So resets to 30 years but they gave me the lowest interst rate possible 4.5% and my payments are 100 less than they were before BUT the ass bit part was they capitalized the interest from the missed payments.
So I lost about 7K in equity but didnt lose my house
|