Posted by Angel Gutierrez on September 17, 2003 at 15:07:46:
Don’t worry, they don’t have you over a barrel.
From the start, you should have asked for a “loan modification”,
not a forebearance. You can still request this now. They’ll ask you
for a laundry list of info. Get their list and go down the row and
submit it. If the moron that answers the phone has no idea of
what you’re talking about, move on to the next level. Usually the
dept. that handles this type of transaction is called “mortgage
assistance center” or something to the effect. Don’t give up…it’s
not the end of the world. They don’t want a foreclosure either.
I do this every time I buy “subject to” from someone behind on
Hope this helps.