My lender will not work with me? I don’t want to lose my home! Do I have options?

Mortgage and Lending with Home Funding Corporation

Do you have options? Of course you do, but, like most of us we do not know where to go or who to go too. Before you just give up your home, check with your current lender and ask them about the following options,

  • Forbearance Option: Ask your lender to reduce or suspend payments until your able to bring your loan current. Key factor here is too be specific of the future repayment date. Also provide possible evidence of where the money may come from. Will the money be obtained from a tax refund, investment or insurance settlement.
  • Reinstatement Option: If your behind on your monthly payments your lender may agree to accept a lump sum by negotiating a specific due date. Your lender may also combine this option with a forbearance option as well.
  • · Repayment Plan:Inquire about a regular monthly repayment option.

    For more information please visit



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Comments (5)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes that may be possible but usually once a person falls behind it is difficult to catch up in the time the banks require.

Dec 27, 2009 04:25 PM
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Loan modifications that have been declined the first time, may also be worth a second try.  I have clients finding success with their second effort right now.

Dec 27, 2009 05:05 PM
Ray Villanueva
Home Funding Corporation - Walnut Creek, CA

I also agree with you. But really hate to hear when people just give up without a fight. Key word here is FIGHT. I do not get involved with mmodifications but I have helped out friends who came to me with no other hope in sight. Now, did I help all of them of course not as you mentioned some cases are without help. Either they do not have money to catch up or the banks just simply refused to help. Last thing I would like to add if from the very beginning you approach them with options it will make your journey much easier.

Dec 27, 2009 05:06 PM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Thanks for sharing - will pass this info on to some of my clients!

Dec 27, 2009 09:49 PM
Letitia Stevenson
BHHS Fox & Roach | - Greenville, DE
Listing Agent DE/PA/MD, Digital Marketer & Coach

Raymundo, Welcome to Active Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard.

Welcome Aboard and Much Success in 2010!

Feb 09, 2010 04:32 PM