Comments on: How to Use Obama’s Stimulus Plan to Refinance an Upside Down Mortgage http://newjerseymortgageblog.com/how-to-use-obamas-stimulus-plan-to-refinance-an-upside-down-mortgage ... Keeping New Jersey Consumers and Mortgage Borrowers in the Loop ...... Mortgages, Refinancing, Credit & More... Thu, 17 Nov 2011 23:43:35 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: CAROL http://newjerseymortgageblog.com/how-to-use-obamas-stimulus-plan-to-refinance-an-upside-down-mortgage/comment-page-1#comment-434 CAROL Tue, 15 Jun 2010 17:03:08 +0000 http://newjerseymortgageblog.com/?p=1153#comment-434 @Athelyn - I do not have "local" sources to recommend in Arizona. But have you tried reaching out to a HUD-approved Housing Counselor? Go to <a href="http://makinghomeaffordable.gov/counselor.html">this Government site</a> and follow the links from there. And <a href="http://www.hud.gov/offices/hsg/sfh/hcc/fc/index.cfm?&webListAction=search&searchstate=AZ&filterSvc=dfc">try here</a> for HUD counselors and other assistance in Arizona. These links are all for free help. For those programs that charge fees, I have not heard of any that will "honestly" put forth the effort to do the work for you at a low fee. And if I were you, I would be very cautious of paying an unknown company for loan modification assistance. There are so many companies that are not doing the right thing - and that's putting it mildly. Wishing you the best. @Athelyn – I do not have “local” sources to recommend in Arizona. But have you tried reaching out to a HUD-approved Housing Counselor? Go to this Government site and follow the links from there.

And try here for HUD counselors and other assistance in Arizona.

These links are all for free help.

For those programs that charge fees, I have not heard of any that will “honestly” put forth the effort to do the work for you at a low fee. And if I were you, I would be very cautious of paying an unknown company for loan modification assistance. There are so many companies that are not doing the right thing – and that’s putting it mildly.

Wishing you the best.

]]> By: Athelyn Daniel http://newjerseymortgageblog.com/how-to-use-obamas-stimulus-plan-to-refinance-an-upside-down-mortgage/comment-page-1#comment-432 Athelyn Daniel Mon, 14 Jun 2010 21:31:07 +0000 http://newjerseymortgageblog.com/?p=1153#comment-432 I live in Arizona do you know who I can contact with a program? My funds for paying for this service are limited. I live in Arizona do you know who I can contact with a program? My funds for paying for this service are limited.

]]> By: Carol http://newjerseymortgageblog.com/how-to-use-obamas-stimulus-plan-to-refinance-an-upside-down-mortgage/comment-page-1#comment-186 Carol Tue, 13 Oct 2009 18:27:47 +0000 http://newjerseymortgageblog.com/?p=1153#comment-186 <strong>@david </strong>- Sorry to hear this David. I wish there was more I could do to help. For now, I can share that some lenders have advertised that they ARE trying to help borrowers who are unemployed. Read this info from <strong>Citigroup</strong> - <a href="http://tr.im/BFJV" rel="nofollow">http://tr.im/BFJV</a>. Find out if your lender has such a program. There is a lot of support for this. Read this article from <strong>FDIC</strong>: <a href="http://tr.im/BFO3" rel="nofollow">http://tr.im/BFO3</a> I also hear that some lenders might "modify" a loan for unemployed borrowers. Finding assistance will take a lot of research and persistence on your part to find what's out there - as you're doing now. Try searching on Google for - government mortgage help for unemployed - Your options will much depend on who your lender is AND what type of mortgage you have. If you have a jumbo mortgage (over $417k), your options will be more limited. Regards and best of luck. @david - Sorry to hear this David. I wish there was more I could do to help. For now, I can share that some lenders have advertised that they ARE trying to help borrowers who are unemployed. Read this info from Citigroup – http://tr.im/BFJV. Find out if your lender has such a program. There is a lot of support for this. Read this article from FDIC: http://tr.im/BFO3

I also hear that some lenders might “modify” a loan for unemployed borrowers.

Finding assistance will take a lot of research and persistence on your part to find what’s out there – as you’re doing now. Try searching on Google for – government mortgage help for unemployed -

Your options will much depend on who your lender is AND what type of mortgage you have. If you have a jumbo mortgage (over $417k), your options will be more limited.

Regards and best of luck.

]]> By: david http://newjerseymortgageblog.com/how-to-use-obamas-stimulus-plan-to-refinance-an-upside-down-mortgage/comment-page-1#comment-185 david Tue, 13 Oct 2009 11:53:57 +0000 http://newjerseymortgageblog.com/?p=1153#comment-185 I owned a small residential construction business that I recently had to close. I had a lot of personal guarantees with suppliers on accounts I could not pay. This forced us to file for bankruptcy personally. Now that my wife and I (she worked in the bus. Also) are out of a job we have gotten behind on mortgage and other payments. Since I am an officer of a Corporation (which we filed to close) I am not eligable for unemployment. I have no job and no income. We have 3 kids under age 7 and we are in trouble. Apparently there is no help available to us unless I have some kind of job and I get current on my mortgage payments, so I was told by my mortgage company. Is there some kind of help available that anyone knows of???? I owned a small residential construction business that I recently had to close. I had a lot of personal guarantees with suppliers on accounts I could not pay. This forced us to file for bankruptcy personally. Now that my wife and I (she worked in the bus. Also) are out of a job we have gotten behind on mortgage and other payments. Since I am an officer of a Corporation (which we filed to close) I am not eligable for unemployment. I have no job and no income. We have 3 kids under age 7 and we are in trouble. Apparently there is no help available to us unless I have some kind of job and I get current on my mortgage payments, so I was told by my mortgage company. Is there some kind of help available that anyone knows of????

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