Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question How do I stop forcloser of my property and reduce payment on morgage? I am in deep dispair now having lost the bill payer and my significant other please show me how I can get back on my feet and be able to afford to stay in my house. pattie. By p.klado Posted on 09/21/06 Total Answers 5 Answers- get governmental help is the best way. If you can not make enough to pay for the house you need their help. How did you losed the bill payer to death or cause hes gone. Either way there is a governmental agency to help you Answer by : admiralgill On Date 2006-09-21 11:42:28 Contact the lender immediately and talk to them about your situation. Answer by : usaf.primebeef On Date 2006-09-21 11:48:43 you may want to try and re-finance or ask for assistance from the mortgage company.There is always bankruptcy. Good luck to you, we are in the same boat!! Answer by : bridge over troubled waters On Date 2006-09-21 11:54:27 I really dont know what is your current situation with regards to your term, rate, and the value of your house.But if you are going in to the foreclosure process, any lender that will be able to bail you out of the foreclosure is going to charge you a higher interest rate and less attractive terms. That is only on the assumption that there is a lender that will to do your refinance. In most cases a lender will not bail you out of a foreclosure if the new mortgage amount is more than 65% of the value of the house and if you can not show them that your current income is enough to support the new loan. So if you can not refinance, my suggestion is you can sell the house for a profit and rent or buy another property that is less expensive. Answer by : DERRICK R On Date 2006-09-21 12:03:15 The last thing a lender wants to do now is to foreclose. There are so many foreclosures that they do not want the house and they do not want to take the time to process the foreclosure. Call them and negotiate a lower price on the mortgage rate. If they are not A holes they will negotiate a price that you can afford. Answer by : Bill P On Date 2006-09-22 12:43:23   Go Back To Search Results