Posts Tagged ‘bank restructure loan’
Can we just stop making payments?
July 12th, 2009
My situation is this. We owe more than our home is worth and we are having a difficult time making payments. We want to refinance but need to know how being upside down would affect our decision.
Is it wise to stop making payments and let the bank restructure our loan?
Do we have to go that route to get help?
We have never been late before and we both have good credit, but we are having a very difficult time making our mortgage payments - probably like a lot of people today.
Does anyone have any suggestions?
Thank you for your help and advice.
If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!
Posted in Behind On Mortgage, Foreclosure, Help with mortgage, Home Loan Refinancing, Loan Modification Help, Refinance Questions, Upside Down Mortgage FAQs | 
Tags: bank foreclosing, bank restructure loan, can we just walk away, cannot afford to make payments, cannot make mortgage payments, difficulty making payments, good credit, hard times, having difficult time making payments, just walk away, let the bank take home, mortgage payments, never been late, owe more than home worth, restructure, stop making payments, upside down, upside down and refinancing, upside down and restructuing, want refinance | 
1 Comment »