Elkhart Indiana still has a high unemployment rate, at 18% we are the highest in the country, and that means we have folks not working, not able to locate a job and mortgage payments getting behind. Further and further every month. If you are in this situation, communication with your Mortgage Lender is a must.
There is help available for either temporarily reducing your payment or perminant modification. Ask them to reduce the interest rate, ask them to take what is past due and put it on the end of your 30 year mortgage so you can start over. If you have unemployment coming in they can use it to qualify you for refinancing your balance. If you have no money coming in, your lender probably won't be willing to help. In that case you need an experienced Real Estate Agent with short sale success under their belt. I am such a REALTOR and can answer questions about this complex transaction. Please call me, your local Elkhart Indiana Real Estate Expert and Certified Short Sale Specialist, Evelyn Johnston with Prudential One Realty, 574-304-7148. I can help!
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