Upside Down Mortgage

Posts Tagged ‘payment plan’

I am upside down on my mortgage big time. I have both a 1st and 2nd mortgage. I do not know what to do - I am so lost and scared. Because I Have A good credit rating, my mortgage company, Countrywide, won't help me at all. They will not even consider helping me with a payment plan or anything like that unless I'm behind on payments which means, it will ruin my credit, and We Want Out? Anybody know what to do please help!

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I have a problem and I need to see if someone can help me or at least has the answer or know where to get the information. This is my situation. In August, I moved out of my house. I moved to another state to be with my mom since she has health problems.

The problem to is that I am already in a payment program with the mortgage company for my house so that my mortgage won't get behind. I have no equity in the house because I had only been in it a year and I have no money to add for resale. I don't want the house to go into foreclosure because this will destroy my credit and I will not be able to borrow again (so people told me) so does anyone else know something that can be done? Please?