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Check out makinghomeaffordable.gov for foreclosure help.
Deborah Fuchs: Have an offer on a short sale....any idea how long they are taking now? - Experts say that's the million dollar question.
Answering Rhonda Gonzalez' question right now.
Answering Raquel right now.
Answering Fsupar. Go Noles!
Answering Jenn's question on student loans.
Answering Pam's question.
Answering a question from Facebook friend, Jane Arsenal.
Jane Arsenal asks on our Facebook page: Loan modifications are a joke... Chase has poor communication, the left hand doesn't know what the right hand is doing. I got a letter one day saying I qualified, then the next I didn't qualify, then a third day showing my savings on the modification that I "qualified for" It would have saved me $50 a month no relief on the principle and I"m 298% underwater. Mortgage is current and I have excellent credit. I've applied for a deed in lieu of Foreclosure, they tell me I have to apply for a modification first, which I can refuse once I get the results, ummmm I already did this! So then they tell me I have to put it on the market for 3 months first before I can ask for a deed in leiu, which it is where I am at now, February 11th will be 3 months. Once that date passes I can ask for a Deed in Lieu of Foreclosure, but no promises they'll do it. I've been asking for help from Chase for 3 years and this is all the farther we've gotten.
Answering question from Facebook friend, Lorie Kelley : My father passed away and his home is in foreclosure yet mortgage co keeps sending him notice to pay them $6000 homeowners insurance.
Answering question emailed to WPTV. It's from Ruth.: " I have not heard too much information about homes with a 2nd mortgage. This is my situation - I have a 1st mortgage @ $170000 (5.75% interest rate/fixed) and a 2nd mortgage @ $160000 (4% interest rate/adjustable). The home was valued at $425000 4 years ago but is now appraised at around $185000. Is there any help for people in this situation (renegotating with financial instututions? getting reductions on principals? ANYTHING!!?) We are in our late 50's and at this rate we will never be able to afford to retire - we do not want to put what is left of our retirement funds into paying down the principal(s). Can you offer any advise?" - Ruth
FSU -- I will post the chat on wptv.com for everyone to watch back.
If you missed the beginning,we will post this chat on wptv.com. We will also have another live web chat tonight at 5pm.
Talking about Susan's comment.
About to answer you, Arthur.
@Susan - I will post the entire chat on wptv.com for you to watch after we're done. We are answering them live via web cam. Play the video player at the top of the chat.
@Sarah -- I'm seeing them. I just have to go one at a time. It's easier to follow. You will see it when they are answering. About to answer yours..
@Nancy, yes. I'm going one at a time.
@susan - yes they did. We will post the chat later this morning.