Mortgage Forum

Joel Fraser

My husband and I bought a new house when the market was good in 2006. We had our existing house on the market immediately following our new purchase. I would never do this again as after our new purchase we were told by our realator that our house would sell in at the most 30 days. Well it didn't and we used our savingsto pay the mortgage on two houses. Also after our purchase my husband had an accident at work and was out for one year on workers comp with two surgeries but we still made both payments. After a year we could not do it anymore and lost our 1st home but still had the new. We are struggling now as all that transpired previously caught up with us without having our savings. I heard about the loan mods and the Attorneys at Pavia sent meto this website so I started reading and I am so glad you are all out there to provide information as it does not make us feel alone. I have Greenpoint Mtg. have a 1st mtg at 6.125% rate (5yr interest only) and a 2nd mtg at 10.5% (heloc). Given our situation it becomes harder every month with more money going out then coming in and I am looking for some advise if it is a good thing to move forward with an Attorney for help and pay the fees to try and modify our loan. I do not think I can do it by myself as I see many of you have tried and these folks don't want to work with you. Any advise or information on forensic loan review as well as this is what the attorney looks at first to determine if there are any violations. I'm nervous to give up money and get further behind if this does not work. Thanks in advance for any assistance. Nel is Arizona.