simone bartels
simone bartels
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4 years ago
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I am selling my home because I am choosing not to be foreclosed upon. I lost my job in January and have not been able to find another. Will I be able to rent a place if I don't have a job?

My mortgage payments are behind because of trying to modify my loan and not qualifying.Because of that I may have bad credit also. I do have unemployment coming in and I will have about 50k from my equity. My daughter, grandson and I live together and my daughter only has a part time job and child support.
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E C
E C
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4 years ago
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You need to find the right company to modify you loan hun. Your bank is not going to help you modify because they incur penalties for modifying a loan. I work for a company that will be able to send you an application and tell you in 24 hours if they can help you. It costs nothing for the application if they are able to take you on as a client the cost is only the fees they incur on your behalf. Instead of fighting with your bank who does not own your loan we go straight to the investor (the one owning your loan). We explain in black and white what their options are. They can either help you and modify your loan or they can foreclose. Foreclosure is not something investors want to do as they lose more money than the remaining loan amount. If you would like more information on this program let me know.
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Jim Mathison
Jim Mathison
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4 years ago
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What company do you work for E C?

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Lesley Harris
Lesley Harris
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2 years ago
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You should do a short sale. Are you getting any unemployement? It will be hard to rent out a place if you show Zero money coming in. Landlords obviously want the rent.

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