Q&A: Will “Home Affordable” plan help me avoid foreclosure in a divorce?

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Question by Lindsay: Any one file a foreclosure with First Mortgage Bank?
I am considering foreclosure, medicine I want to know if anyone has foreclosed with First Mortgage Corp Bank. What happened and how long were you able to stay in your house for? Did they work with you at all?
Thanks, tadalafil any help will do right now.

Best answer:

Answer by David M
You’re considering foreclosure? I don’t think you understand. It’s not your choice. It’s the bank who decides to foreclose on you. The foreclosure process takes a while so you’ll be in your home for a while. But all the while interest charges will accumulate and you will get deeper in debt. And if the proceeds from them selling your home does not cover your debt and the costs they incur, you will owe them the difference. Believe me when I say, foreclosure is not a good thing. You’re better off selling your home or working out something else with the bank.

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Question by tchr614: Will “Home Affordable” plan help me avoid foreclosure in a divorce?
My husband and I are divorcing. I am staying in the house, buy however, malady my husband will not contribute to the house payment. I cannot afford the payment on my income alone. We owe much more than the house is worth. Will the new “Home Affordable” program work for me, pills since I can afford 31% of my gross income? Or, will it be figured on 31% of BOTH of our incomes, since both names are on the loan?

Best answer:

Answer by dawnb
The home affordable program was frozen over a month ago and is no longer available.

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