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From this response it seems like one big problem for most people is a lack of clarity around and education for what options are really available to us. I consid

From this response it seems like one big problem for most people is a lack of clarity around and education for what options are really available to us. I consider myself pretty educated and even I can't figure out that the mortgage loan may be deferrable or extended to end. It was refinanced before, but is it federally owned? Can it be extended after the 3-months or is it all due at once? IDK. Where do I go to find out? Is it an online forum like this one, and if so, why is it that hard? Most people wont have that luxury.

engineer_22 6y ago
Talk to your mortgage servicer. They have a vested interest in keeping you in your home. Foreclosure is an expensive and time consuming option for the lender.
- mannanj 6y ago
  The difficulties I have with this are everyone says to do that, but the provider does not accept calls. Every single time i've tried to call, they leave us waiting with the typical "we're busy with calls" but sends us to thew website (which doesn't let us have that conversation). After about an hour or two the call hangs up saying we will be called back. Never do get that call back. I've repeated these results many times. I figure that reality versus the "theory" is that everyone is calling for this option right now, and if the mortgage companies could work on delaying payments for everyone they would be out of business eventually. Some people probably can't be helped, some can. I feel like it's more akin to a lottery.
  - salawat 6y ago
    The term is statistical multiplexing I believe, and our society has been pretty much predicated on it for my entire lifespan.
billme 6y ago
Simple Google searches turn up a massive amount of useful information. It’s complex topic and no single answer is going to be right for everyone. Start research now, don’t wait, if you think you might have issues, contact your lender as soon as possible. Related terms: - Mortgage forbearance - Credit report - mortgage relief options - proof of hardship - borrower assistance
elliekelly 6y ago
I’ve been thinking about building a “what are my mortgage options” type of tool for this reason. I’m a banking attorney who can code enough to be dangerous but I worry there are too many variables for my self-taught coding skills to handle. If anyone with a complementary skill set would be interested in building it with me (free, open source, no data harvesting, etc.) I think it could be useful to a lot of people. Edit: I’m decently knowledgeable with MEAN/MERN, Django, and Swift. I’m less practiced but still (mostly) capable with Rails and Go. SQL and I are frenemies but I’m working on it.
- grogenaut 6y ago
  Just creating a decision tree based on your understanding would help a lot. A programmer would need this anyway. This can be in text format
- mannanj 6y ago
  I think it's a wonderful idea, it's probably not something I'm able to spend the resources towards right now.
- grogenaut 6y ago
  I'd be happy to chat about it. Contact info in my profile.

engineer_22 6y ago

Talk to your mortgage servicer. They have a vested interest in keeping you in your home. Foreclosure is an expensive and time consuming option for the lender.

mannanj 6y ago
The difficulties I have with this are everyone says to do that, but the provider does not accept calls. Every single time i've tried to call, they leave us waiting with the typical "we're busy with calls" but sends us to thew website (which doesn't let us have that conversation). After about an hour or two the call hangs up saying we will be called back. Never do get that call back. I've repeated these results many times. I figure that reality versus the "theory" is that everyone is calling for this option right now, and if the mortgage companies could work on delaying payments for everyone they would be out of business eventually. Some people probably can't be helped, some can. I feel like it's more akin to a lottery.
- salawat 6y ago
  The term is statistical multiplexing I believe, and our society has been pretty much predicated on it for my entire lifespan.

billme 6y ago

Simple Google searches turn up a massive amount of useful information. It’s complex topic and no single answer is going to be right for everyone. Start research now, don’t wait, if you think you might have issues, contact your lender as soon as possible. Related terms: - Mortgage forbearance - Credit report - mortgage relief options - proof of hardship - borrower assistance

elliekelly 6y ago

I’ve been thinking about building a “what are my mortgage options” type of tool for this reason. I’m a banking attorney who can code enough to be dangerous but I worry there are too many variables for my self-taught coding skills to handle. If anyone with a complementary skill set would be interested in building it with me (free, open source, no data harvesting, etc.) I think it could be useful to a lot of people. Edit: I’m decently knowledgeable with MEAN/MERN, Django, and Swift. I’m less practiced but still (mostly) capable with Rails and Go. SQL and I are frenemies but I’m working on it.

grogenaut 6y ago
Just creating a decision tree based on your understanding would help a lot. A programmer would need this anyway. This can be in text format
mannanj 6y ago
I think it's a wonderful idea, it's probably not something I'm able to spend the resources towards right now.
grogenaut 6y ago
I'd be happy to chat about it. Contact info in my profile.