Mortgage Forum

Mike

Hi everyone. To bad there has to be a site like this but, since the situation sadly exsists thanks for having a site to help.My situation is I have an MTA pay option and I have been paying the minimum payment for 1 year now and have accrued about 24 thousand in deffered interest. If the loan hits the recast state its Game over of coarse. In an effort to avoid that I have tried refinancing with brokers with no success. My real estate agent told me to directly deal with CW which I started today. I basically called them and told them I will leave my keys on the kicthen counter because I am about to walk away from the house unless something is restructred. They told me the I meet all the requirements for modification and that someone will be assigned to my case within the next 10 days and to wait for a call. That seemed to be good news until I read the posts and stories on this site. It seems some of you are way more knowledged and educated and ahead of the game when it comes to this and that the end result is frustration and dead ends. What should I be doing? Any tips or advice on what to do? Whatare my chances of surviving this. Thanks for all your help in advance.