Linda was in a bind with respect to her mortgage. Her lender was increasing the adjustable loan payment to $4700. Linda called and asked if the lender could work out a loan modification as the family could not afford the higher payments.
The loss mitigation person at the lender said "what do ... Views: 681
Many of us have credit problems today due to the downturn in the economy and in the real estate market.
I find it very helpful to consult with a bankruptcy lawyer. But that doesn't mean that bankruptcy is a good option.
1. Bankruptcy does not let you get out of secured
loans. Mortgages ... Views: 1320