Roger, We are a complicated case. My husband & I have lived in our home for 31 years. The mortgage was always in both our names but her put it all in his name( I am on the deed) when he was talked into a pick a pay mortgage with World Bank. Sold to Weikovia then Wells Fargo that had him sign a modification into a 5 tier mortgage. He is mentally ill and disabled due to multiple hospitalizations. The tier went up 30 months ago and we could not pay, recession hit my business, he was hospitalized, then in the fall we had 5 feet of water from Superstorm Sandy. I have worked with the bank over 30 months to increase income, and give them everything they wanted- always saying it looked good for modification. Now we received forcloseure notices
and an amount they want for short sale. We have seen 2 lawyers about bankruptcy which aparently could be done by just my husband. Is that correct?
How and when and WHO is bold enough to fight Wells Fargo quickly for us as I know the Pick a pay was an illegal mortgage and the tier on should be.
The reason we want to stay in our home is that we are near the beach and rent
it summer seasonal for 31,500 each year. Move to the back separate building and also do my business out of the back building.
Can we get a judge to cram down
the interest and excessive payments?
Can we get the principal lowered and interest fixed by doing a bankruptcy or finding a legitamate lawyer who will negotiate with wells fargo.
I am so tired of doing this all myself with an ill husband at times.
out of this home which is on a barrier island in NJ. is what we need to go on.
Thanks for all the help you can provide.
A great fighter lawyer in NJ for forclosure defence and is bankruptcy our only way to stay here?