Mortgage Forum

Joel Fraser

I broke my leg June 13, 2007, before Workers Comp kicked in I had not recieved anything until July 30, 2007, so there is the first month behind. Was able to come up with the next payments until May 2008; payroll dept, did not send all of May 2008 payment, so there is the second month behind. Recieved a letter from employer, June 7, 2008 saying I was being seperated (inactive), until the doctor releases me to return to work. So no more sick time and vacation time added to my Workers Comp payments. So back to tow-thirds of income, this will make it month three. I have been released by the doctor (June 23, 2008), to return to work. I have been in contact with my lender Avelo and they have been accepting the rears, got a letter saying Litton Loan will now be processing my loan as of July 1, 2008. I have accepted the fact that I will lose the property, I don't qualify for loan modification, because not enough income, at the time they viewed me as unemployed. Now my question is, do I try to make arrangements with Litton Loan, short sale, or what are the options that will keep me in the property long enough to pack up and move without a padlock being on my door. I know the time frame varies, my neighbor's property took over 200 days.