Do you owe more on your mortgage than your home is worth and don't know what to do?
The answer is to contact your mortgage company and negotiate a remodification. Someone like myself, can communicate with your mortgage company and try to negotiate your loan with them, at no cost to you. You will have to supply a set a financials, copies of the tax returns, bank statements, pay stubs and a list of your assets and expenses. Most importantly, you need to prepare a letter of hardship explaining why you no longer can afford to keep up with the monthly mortgage payments.
If your mortgage company is not willing to modify your loan, and you don't see the light at the end of the tunnel, we can help list your home at a price that will sell, and keep you from going into foreclosure. This is a long and tedious procedure, but you will be able to stay in the home until it sells and save your credit.
If you have any questions regarding this procedure, you can contact me and I can answer your questions.
It is always a good idea to get legal advise and/or speak to a tax accountant.
Antoinette Murphy, GRI
703 White Horse Pike
Absecon, NJ 08201