Can I ask my mortgage lender not damage my credit score in exchange for me surrendering my house to them?
Written By: admin on June 14, 2009
2 Comments
I am no longer able to pay my mortgage payments. I have made new living arrangements and I don’t want the house anymore. There is a Private mortgage insurance policy on my loan.Should I just let the property go into foreclose by itself. Or should I better contact my mortgage lender.
And if I should contact them what should I negotiate for?
Can I question my mortgage lender not hurt my credit score in exchange for me surrendering my house to them?
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Tags: credit score, foreclose, insurance, mortgage insurance policy, mortgage lender, mortgage lender, mortgage payments, private mortgage insuranceTags: credit score, foreclose, insurance, mortgage insurance policy, mortgage lender, mortgage payments, private mortgage insurance
Are you dreaming? This isn't a game of when you're tired you just go home. You made commitments – legal commitments and if you can't fulfill those obligations then you pay a price. The price is your credit history is shot to hell for 7 years. Even after that it may be hard for you to get a decent interest rate.
You should contact them straight away and start the process of negotiating what terms you can step away from this property on to their liking. You could also contact 888-995 HELP for counseling services.
It is absolutely appalling how people can just give up and let go thousands of hard earned dollars that they themselves have earned. What does that say about our society today?
All those men and woman fighting overseas, and you're worried about your stupid credit history.
Are you dreaming? This isn’t a game of when you’re tired you just go home. You made commitments – legal commitments and if you can’t fulfill those obligations then you pay a price. The price is your credit history is shot to hell for 7 years. Even after that it may be hard for you to get a decent interest rate.
You should contact them straight away and start the process of negotiating what terms you can step away from this property on to their liking. You could also contact 888-995 HELP for counseling services.
It is absolutely appalling how people can just give up and let go thousands of hard earned dollars that they themselves have earned. What does that say about our society today?
All those men and woman fighting overseas, and you’re worried about your stupid credit history.
BTW I like your blog!