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Old 12-06-2008, 07:20 PM
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Default foreclosure help in Brick, New Jersey

Please give us a brief history of your particular situation My husband has been out of work since August and we have been using our savings to pay the mortgage and I was just notified that I could be getting a reduction in hours at work. I do not want the house to go into foreclosure and we had tried to refinance but because the house so much value that can not happen right now and in June since we have an ARM loan the payment will go up even more. We are looking to be able to do something so that we do not forclosure but so that we can still afford to pay the mortgage. Mortgage on 1st Loan is Citi residential 2nd loan is Specialized Loan Services there is about $222,000 owed on the first mortgage and $55,000 on the second mortgage and the house is only worth about $225,000 to $235,000
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