Nationstar Trial Payments to begin 12/1/13

dcrc49

LoanSafe Member
Nov 28, 2010
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It's been awhile since my last post. A little information. Original LOAN $300,000 1/31/07 50 Years baloon payment 2037 $200,000. 6.25% interest. cCurrently owe $292,835.52 Original payment $1634.92 iNS AND TAXES $341.92 total moitnhly payment. $1976.84 Ttrial payment $1845.36 plus Insurane and taxes.They say escrow shortage $1339.80 so $111.65 added,would make payment too much. 4.7% interest 40 years. Was behind 2 months but current as of 10/17/13. My question do I have to except this loan mod. We will be looking at income loss 12/1/13 of $832 current income $4891.97 should I reaply for Mod. with the loss of income?
CURRENTLY OWE $292,835.52.
 

Evan Bedard

Call 1-800-779-4547
Loan Safe Mortgage
Aug 26, 2007
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San Diego, California
www.LoanSafe.org
Was behind 2 months but current as of 10/17/13. My question do I have to except this loan mod. We will be looking at income loss 12/1/13 of $832 current income $4891.97 should I reaply for Mod. with the loss of income?
You're not required to accept this loan mod offer and you can always fight for something better, especially now that you're current on payments and will be experiencing a loss of income in the near future. It's never wise to accept an agreement you will not be able to afford in the long run.