I Am Late On A Repayment Plan Payment

Stop Foreclosure Today
Save Your Home - Foreclosure Help

877-YOU-KEEP
877-968-5337

Home :: FAQs :: Site Map :: Feedback

I am late on a Repayment Plan payment, what is next
[March 28, 2008] by Foreclosure Help
Filed under: I am late on a Repayment Plan payment

When a homeowner misses repayment plan payments the plan breaks and if they were previously in foreclosure they will be placed back in foreclosure at the same point they were before. If not in foreclosure yet then the loan goes back to collections until it hits the time period to be referred to foreclosure. Once a plan breaks we have had success in getting a workout that will stop foreclosure. Click this link to fill out our form for foreclosure help.

____________________________________________________

I became unemployed in July and fell behind in my mortgage payments. I recently found a job as a Clinical Supervisor in a group home. The mortgage company approved me for a repayment plan, but required that I pay $3400 dollars in lawyer’s fees to stop foreclosure. I do not have the money as I just began my job. I was told in April, I had 2 weeks and it could be stopped. I earn enough money to pay the mortgage. I owe $1300 on the second. The primary mortgage holder is Chase and the second is with HFC. I need you to stop foreclosure on the Chase Loan
I am now employed.

____

Back in September I was told to put a stop payment on the 2 checks I sent to Ocwen Mortgage, because I had a problem with my payroll checks being on hold at my bank, then I was set up on repayment plan, well on that date my bank processed the 2 checks I put a stop payment on and over drew my account. Then I called and spoke to a representative in Frederick office, I set up another repayment plan to start and I received the letter sign and sent that back and my first payment was processed, thinking everything was ok, then I received in the mail my payment back that they processed. Then I called them and was told that mortgage loan was sent to the attorneys office and that I was not eligible for forbearance repayment plan that I had to make a payment and fill out an application to see if we are eligabel for a loan modification. During the time after October I received several calls, then it went to research then when I tried to call them back I was disconnected 3 times and the represetatives were not helpful and did not know what I was talking about. I really need help. We want to keep the property. we were doing great and on track. As of yet I have not received any papers to fill out. Please help us. I do have the August payment in my account I am waiting. I hope you can help us. Our mortgage company is Ocwen Mortgage that is foreclosing. Our situation has changed and now I have direct deposit for me and my husband and we want to set up auto payment each week or every other week to the mortgage company. Our situation is better. Please help us stop foreclosure

Comments (1)