patricia otis

The 28-33% Mortgage Payment Rule: Confronting Reality

What is so bad about all of this is for people who lost jobs for medical reasons and can't afford to stay in there houses but mortage companys that all they will do is try to get you in at a lower interest rate and you have to stay for five years . Point in fact I had to have back surgery and live in a two story house I can't walk the stairs that well anymore but does the mortage lender want to help you no all you can do to get out of your home is to file for bankrupcy. Countrywide can have the house free and clear but no they can't do that so to them if I file bankrupcy so be it. Who gains what?